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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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Canada’s Inflation Eases to 2.3% in March, but Core Pressures Persist

Canada’s annual inflation rate unexpectedly slowed to 2.3% in March down from 2.6% in February, according to Statistics Canada. The decline was largely driven by lower gasoline and travel costs, which helped offset rising prices in other sectors.  

Despite the overall slowdown, core inflation measures remained elevated, signaling persistent underlying price pressures. The CPI-median, which tracks the central trend of price changes, held steady at 2.9%, while the CPI-trim, which excludes extreme price fluctuations, edged down slightly to 2.8%.  

The inflation report comes just ahead of the Bank of Canada’s monetary policy decision, scheduled for Wednesday. Analysts are closely watching whether the central bank will adjust interest rates in response to the latest data.  



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