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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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Ceasefire Chaos: Russia and Ukraine Exchange Blame Over Infrastructure Attacks

In the aftermath of a high-profile phone call between Russian President Vladimir Putin and U.S. President Donald Trump, tensions between Russia and Ukraine have escalated further. The two nations have traded accusations of launching infrastructure attacks, despite an agreement to temporarily halt strikes on energy facilities.

The call, which aimed to establish a limited ceasefire, saw Putin agreeing to pause attacks on Ukrainian energy infrastructure. However, the ceasefire fell short of the 30-day truce proposed by Trump. Ukrainian President Volodymyr Zelenskyy had initially supported the broader ceasefire but later endorsed the limited agreement.

Hours after the call, reports emerged of drone strikes and missile attacks targeting civilian and energy infrastructure in both countries. Ukrainian officials claimed that Russian forces launched over 40 drones, damaging hospitals and homes in regions like Sumy and Kyiv. Meanwhile, Russian authorities accused Ukraine of sabotaging the ceasefire by targeting an oil depot in the Krasnodar region.

The situation underscores the fragility of ceasefire agreements in the ongoing conflict, with both sides accusing each other of undermining peace efforts. As the international community watches closely, the path to a lasting resolution remains uncertain.

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