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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 Strikes Myanmar and Thailand, Leaving Over 150 Dead

 

A powerful 7.7 magnitude earthquake struck Myanmar and Thailand on March 28, 2025, causing widespread destruction and loss of life. The epicenter was located near Mandalay, Myanmar's second-largest city, and the tremors were felt as far as Bangkok, Thailand's bustling capital.

In Myanmar, at least 144 people lost their lives, and over 730 were injured. The quake caused buildings, bridges, and even a monastery to collapse, leaving rescue teams scrambling to pull survivors from the rubble. The situation is dire, with blood supplies running low and the death toll expected to rise.

In Thailand, the earthquake claimed at least 10 lives in Bangkok, where a high-rise under construction collapsed, leaving many injured and over 100 people missing. The city's residents were evacuated from high-rise buildings as aftershocks, including one measuring 6.4 magnitude, continued to shake the region.

The disaster has prompted international aid efforts, with the United Nations allocating $5 million to support relief operations. However, the full extent of the damage remains unclear, particularly in Myanmar, which is already grappling with a humanitarian crisis due to ongoing civil conflict.

This tragic event serves as a stark reminder of the vulnerability of the region to seismic activity and the urgent need for disaster preparedness and support.


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