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Bank of Canada Rate Decision: What to Expect on June 10

  On Wednesday, June 10, 2026 , the Bank of Canada will announce its next interest rate decision — and every Canadian with a mortgage, a savings account, or a variable-rate line of credit has good reason to pay attention. While a hold at the current 2.25% overnight rate is almost universally expected, the real story this month isn't the number itself. It's the language surrounding it. Canada's economy has slipped into what many are calling a technical recession, inflation is being pushed higher by a global energy shock, and economists are divided on where rates go from here. Here's everything you need to know before Wednesday's announcement. BoC Overnight Rate 2.25% Held since early 2026 Bank Prime Rate 4.45% Most major lenders April CPI Inflation 2.8% Up from 2.4% in March Hike Probability (Jun 10) ~4% Per bond markets Q1 2026 GDP Growth −0.1% Annualized; near-recession Where Things Stand: A Tricky Balancing Act The Bank of Canada has held its overnight rate at 2....
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Danielle Smith's Call to Pause U.S. Tariffs Sparks Debate

 

Alberta Premier Danielle Smith has stirred controversy following her remarks during a recent interview with a U.S. media outlet. Smith revealed that she had urged the Trump administration to temporarily halt tariffs on Canadian goods until after Canada's federal election. She argued that the ongoing trade dispute was inadvertently boosting support for the Liberal Party, potentially impacting the Conservative Party's chances in the election.

Smith's comments have drawn criticism from various political leaders and analysts. Some have accused her of inviting foreign interference in Canadian politics, a claim her office has strongly denied. Critics argue that her plea prioritizes political strategy over the well-being of Canadians affected by the tariffs.

While Smith maintains that her request was aimed at fostering a fair resolution to the trade dispute, the debate over her remarks continues to dominate political discourse in Canada.

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