Skip to main content

Featured

Bank of Canada Holds at 2.25% — Again: What It Means for Your Mortgage and Markets Today

  Wednesday, June 10, 2026  |  Canadian Money Brief It's official: the Bank of Canada held its overnight rate steady at 2.25% this morning — the fourth consecutive hold in 2026 , following identical decisions in January, March, and April. The move was widely anticipated, but the language in today's statement and Governor Tiff Macklem's 10:30 a.m. press conference are delivering the real signal: the BoC is watching the Middle East conflict carefully, is not yet alarmed by inflation, but is making clear that rate hikes remain on the table if energy prices push inflation higher. Here's the full picture — BoC reaction, Canadian markets, Wall Street, oil, and global moves. 🏦 Bank of Canada: Holds at 2.25% — But With a Warning The Bank of Canada's statement this morning was brief but pointed. The Governing Council noted that "economic activity in Canada has been weak and uncertainty about US trade policy persists," while also flagging that "the conflict ...
Post a Comment
Read more

article

Labels

Devastating Storms Leave U.S. South and Midwest Reeling


A relentless storm system has wreaked havoc across the U.S. South and Midwest, leaving communities grappling with rising rivers and widespread destruction. Torrential rains and powerful tornadoes have claimed at least 18 lives, with Tennessee bearing the brunt of the fatalities. 

Floodwaters have inundated homes, roads, and critical infrastructure, prompting evacuations and emergency responses in states like Kentucky, Arkansas, and Missouri. The National Weather Service has issued warnings for major flood stages in multiple locations, forecasting continued threats as waterways swell. 

Amid the chaos, utilities have scrambled to shut off power and gas, while cities deploy sandbags to protect homes and businesses. The storms have also disrupted air travel, with hundreds of flights canceled or delayed. 

As communities brace for more rainfall and potential tornadoes, the resilience of those affected shines through. Emergency crews and volunteers are working tirelessly to provide aid and support to those in need. 

The devastation serves as a stark reminder of the power of nature and the importance of preparedness in the face of extreme weather events.

Labels:

Comments

Post a Comment