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5 Things to Know Today – June 8, 2026

  The Bank of Canada's big moment arrives in 48 hours. Here's everything moving your money this Monday morning — from an OPEC+ output hike to a loonie struggling to keep pace with oil. Bank of Canada 1 The Rate Decision Is Two Days Away — And Economists Expect a Hold The Bank of Canada announces its overnight rate decision this Wednesday, June 10, at 9:45 a.m. ET, with a press conference from Governor Tiff Macklem to follow at 10:30 a.m. The rate currently sits at 2.25%, and the overwhelming consensus is that it stays there. Economists at TD, CIBC, National Bank and Desjardins all point to the same impossible bind: a technical recession and softening labour market would normally call for a cut, but oil-driven inflation — sitting above the Bank's 2% target — makes easing difficult to justify. Adding to the uncertainty, U.S. CPI data for May drops the same morning, which could shift bond markets mid-session. Wednesday is a big day for your mortgage rate outlook. Watch this sp...
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Allegations of Secret Detentions at Detroit Facilities Spark Outrage


In a shocking revelation, U.S. Congresswoman Rashida Tlaib has alleged that over 200 individuals have been detained in secret facilities near the Canadian border in Detroit. These detentions reportedly occurred at locations not designed for long-term holding, raising concerns about the conditions and transparency of the process.

The Michigan Immigrant Rights Center (MIRC) has highlighted cases where families, including children, were held in windowless rooms without access to legal counsel or adequate provisions. Many detainees were said to have accidentally crossed into Customs and Border Protection (CBP) areas due to confusing signage near the Ambassador Bridge.

Advocates are calling for immediate reforms, including an end to secret detentions and better oversight of CBP practices. The allegations have sparked widespread calls for accountability and humane treatment of detainees.


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