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5 Things to Know Today — June 11, 2026

  The Bank of Canada confirmed its fifth straight rate hold yesterday, oil slipped back toward $89 a barrel after fresh U.S. strikes on Iran, and Canada Post workers officially have a new contract. Here is what every Canadian needs to know heading into Wednesday. 1 of 5 — Interest Rates Bank of Canada holds at 2.25% — for the fifth time in a row The Bank of Canada kept its benchmark interest rate unchanged at 2.25% on June 10, marking five consecutive holds since late 2025. Governor Tiff Macklem said the central bank is trying to balance two opposing forces: inflation pushed higher by elevated energy costs from the Middle East war, and an economy that has barely grown in recent quarters. "Economic weakness combined with rising inflation is a dilemma for monetary policy," Macklem told reporters, adding that holding the rate "balances those risks" for now. What it means for you: Variable-rate mortgage holders and borrowers with lines of credit get another month of pa...
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Carney's Bold Moves: Trade War Relief and Megaproject Acceleration

Canadian Prime Minister Mark Carney has unveiled a comprehensive plan to mitigate the economic impact of the ongoing trade war with the United States. In a decisive move, Carney announced measures aimed at supporting workers and businesses, including temporarily waiving the one-week waiting period for employment insurance and allowing businesses to defer corporate income tax payments and GST/HST remittances.

Carney also pledged to expedite major infrastructure projects through a streamlined "one-window approval process," aiming to cut red tape and accelerate development. Notable projects include the Cedar LNG and LNG Canada facilities in British Columbia and the Port of Churchill in Manitoba. These initiatives are expected to bolster Canada's economy and create significant opportunities for growth.

The Prime Minister emphasized the importance of removing barriers to the free movement of goods, services, and workers across provinces and territories, projecting an economic boost of $250 billion. With these measures, Carney aims to strengthen Canada's resilience and pave the way for long-term economic stability.


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