Skip to main content

Featured

5 Things to Know Today — June 11, 2026

  The Bank of Canada confirmed its fifth straight rate hold yesterday, oil slipped back toward $89 a barrel after fresh U.S. strikes on Iran, and Canada Post workers officially have a new contract. Here is what every Canadian needs to know heading into Wednesday. 1 of 5 — Interest Rates Bank of Canada holds at 2.25% — for the fifth time in a row The Bank of Canada kept its benchmark interest rate unchanged at 2.25% on June 10, marking five consecutive holds since late 2025. Governor Tiff Macklem said the central bank is trying to balance two opposing forces: inflation pushed higher by elevated energy costs from the Middle East war, and an economy that has barely grown in recent quarters. "Economic weakness combined with rising inflation is a dilemma for monetary policy," Macklem told reporters, adding that holding the rate "balances those risks" for now. What it means for you: Variable-rate mortgage holders and borrowers with lines of credit get another month of pa...
Post a Comment
Read more

article

Labels

Honda Reaffirms Commitment to Canadian Auto Production Amid Tariff Concerns


Honda Canada has firmly denied reports suggesting it plans to shift car production from Ontario to the United States. The speculation arose from a Japanese news outlet's claim that Honda was considering relocating some of its manufacturing operations due to recent U.S. auto tariffs. However, Ontario Premier Doug Ford and federal officials have dismissed these claims as inaccurate.

Honda Canada has assured that its Alliston, Ontario facility will continue to operate at full capacity, with no changes being considered at this time. The company remains committed to its Canadian operations, emphasizing that nearly 70% of Honda vehicles sold in Canada are manufactured domestically. Additionally, Honda is actively working on its North American electric vehicle strategy, which includes a $15 billion investment in Ontario to develop a full EV supply chain.

Despite ongoing tariff challenges, Honda has reiterated its confidence in the Canadian market and its ability to navigate evolving trade conditions effectively. The company’s stance provides reassurance to Ontario’s auto industry, which plays a crucial role in Canada’s economy.


Labels:

Comments

Post a Comment