From the Bank of Canada's steady hand to a surge in housing starts and Ottawa's new financial crime-fighting agency — here are the five money stories every Canadian should have on their radar this morning. 1 Bank of Canada Rate Holds at 2.25% — Next Decision June 10 The Bank of Canada kept its overnight rate at 2.25% on April 29 and has signalled it intends to stay put for now. Governing Council is keeping a close eye on Middle East conflict spillover into energy prices, ongoing U.S. tariff uncertainty, and whether inflation — currently hovering just above the 2% target — becomes entrenched. Bond markets are currently pricing in roughly an 18% chance of a 25-basis-point cut by the July 15 announcement, making a move at the June 10 meeting unlikely. 💡 What it means for you: Variable-rate mortgage and HELOC holders can exhale — no surprise hikes on the horizon. But don't expect big rate relief either; the "lower-for-longer" window appears to be closing. 2 Mortgage...
Netanyahu's Strategy Amid Ceasefire Talks: A Balancing Act
Israeli Prime Minister Benjamin Netanyahu has pledged to intensify pressure on Hamas while navigating delicate negotiations for a ceasefire. The proposal, mediated by Egypt and Qatar, includes the release of hostages and humanitarian aid to Gaza. However, Netanyahu insists on Hamas disarming, a condition the group has rejected.
The ceasefire talks come amidst renewed violence, with Israeli strikes killing civilians in Gaza, including children, during the Eid al-Fitr holiday. Netanyahu's cabinet has approved measures to crush Hamas' military capabilities while maintaining diplomatic efforts. The situation remains tense, with both sides holding firm on their demands.
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