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5 Things to Know Today – June 9, 2026

  Here are the five stories shaping your money today — from tomorrow's pivotal Bank of Canada decision to a looming trade deadline that could affect every Canadian business. 1. 🏦 Bank of Canada Decides Tomorrow — Hold Expected, But It's Not Simple All eyes are on Ottawa as the Bank of Canada announces its overnight rate decision on Wednesday, June 10 at 9:45 a.m. ET. The benchmark rate currently sits at 2.25%, and a hold is the widely expected outcome. But experts say it's the most uncertain call in months. Canada's economy has slipped into a technical recession — Q1 2026 GDP contracted at an annualized rate of -0.1%, following a downward revision to Q4 2025 (-1.0%). Under normal conditions, that would point toward a rate cut. But with energy-driven inflation climbing to 2.8% in April and geopolitical pressures still unresolved, the Bank is stuck between a rock and a hard place. Governor Tiff Macklem holds a press conference at 10:30 a.m. ET. Markets will be listening ...
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Devastating Earthquake in Myanmar: Death Toll Surpasses 1,000

A powerful 7.7-magnitude earthquake struck Myanmar on March 28, 2025, leaving a trail of destruction and despair in its wake. The quake, centered near Mandalay, the country's second-largest city, has claimed over 1,000 lives, with more than 2,400 injured and many still missing. 

The disaster has caused widespread devastation, toppling buildings, buckling roads, and collapsing bridges. Rescue efforts are ongoing, but the scale of the destruction, coupled with power outages and limited resources, has made the situation dire. Myanmar's ongoing civil conflict has further complicated relief operations, leaving many communities isolated and in desperate need of aid.

Neighboring countries, including India and China, have stepped in to provide humanitarian assistance, sending rescue teams and essential supplies. However, the full extent of the tragedy is still unfolding, and the death toll is expected to rise as rescuers continue to search through the rubble.

This earthquake is one of the deadliest to hit Myanmar in over a century, highlighting the urgent need for international support and disaster preparedness in the region.

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