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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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Hot Tea, High Stakes: California Man Wins $50 Million Lawsuit Against Starbucks

A California delivery driver, Michael Garcia, has been awarded $50 million in a lawsuit against Starbucks after suffering severe burns from a spilled tea. The incident occurred in February 2020 at a drive-through, where a venti-sized tea fell onto Garcia's lap, causing permanent and life-altering injuries.

Garcia's legal team argued that the scalding-hot tea was not securely placed in a takeout tray by a Starbucks employee, leading to the accident. The Los Angeles County jury sided with Garcia, holding Starbucks accountable for negligence. Garcia underwent multiple medical procedures, including skin grafts, due to the burns.

Starbucks has expressed sympathy for Garcia but plans to appeal the decision, calling the damages excessive. This case echoes past high-profile lawsuits involving hot beverages, such as the famous McDonald's coffee case in the 1990s.

The verdict serves as a reminder of the importance of safety standards in handling hot drinks, both for businesses and consumers.

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