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Bank of Canada Rate Decision Tomorrow: What Every Canadian Needs to Know Before June 10

Current Rate 2.25% Held since Oct 2025 Expected Decision HOLD 34/34 economists Announcement 9:45 AM Wed, June 10 (ET) Prime Rate 4.45% Most major lenders On Wednesday morning, June 10, the Bank of Canada will announce its interest rate decision at 9:45 AM ET — and for Canadians with a mortgage, a variable-rate loan, or a renewal coming up, the decision is just two days away. Governor Tiff Macklem will follow with a press conference at 10:30 AM. The short answer: expect no change. But the full picture is considerably more complicated — and the Bank's tone tomorrow could signal whether rate hikes are quietly creeping back onto the table. The Consensus: A Hold, Full Stop The economist community is remarkably united heading into this decision. In a Reuters poll conducted June 2–5, all 34 economists surveyed predicted the Bank would leave its overnight rate at 2.25%. More than 80% said it would stay there for the rest of 2026. "Under normal circumstances, today's sagging econom...

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USAID Headquarters Seized: Staff Barred as Lease Is Transferred to GSA

In a dramatic turn of events on Monday, scores of USAID staffers were turned away from their decades-old Washington, D.C. headquarters after officials confirmed that the Trump administration had stripped the agency of its lease. When employees arrived to retrieve personal belongings and report for duty, they encountered tightly controlled entry measures—a front desk officer admitted only a pre-approved list of fewer than 10 names was permitted inside, while tarps obscured the agency’s interior signage.

According to multiple reports, the building’s lease has now been handed over to the General Services Administration (GSA), which plans to repurpose the space for other federal uses. This abrupt move is part of a broader effort by the Trump administration, with backing from billionaire Elon Musk’s Department of Government Efficiency, to dramatically downsize USAID. Critics argue that such measures are not only intended to cut what the administration deems “wasteful” spending, but also to realign U.S. foreign aid policies with an “America First” agenda.

The chaos unfolding at USAID headquarters comes amid a series of legal and administrative challenges. While a federal judge temporarily blocked an order that would have placed thousands of USAID staffers on administrative leave and imposed a 30-day deadline for overseas workers to return to the United States, the blockage did not extend to the headquarters lockout. Consequently, many employees reported confusion over conflicting emails and notices issued over the past weekend regarding access to the office, with some staffers stating they were simply told to “go” without further explanation.

As the situation continues to evolve, aid organizations and USAID officials warn that the disruption could jeopardize critical life-saving programs abroad—from emergency food and water assistance to health initiatives in some of the world’s most vulnerable regions.


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