Skip to main content

Featured

Bank of Canada Rate Decision: What to Expect on June 10

  On Wednesday, June 10, 2026 , the Bank of Canada will announce its next interest rate decision — and every Canadian with a mortgage, a savings account, or a variable-rate line of credit has good reason to pay attention. While a hold at the current 2.25% overnight rate is almost universally expected, the real story this month isn't the number itself. It's the language surrounding it. Canada's economy has slipped into what many are calling a technical recession, inflation is being pushed higher by a global energy shock, and economists are divided on where rates go from here. Here's everything you need to know before Wednesday's announcement. BoC Overnight Rate 2.25% Held since early 2026 Bank Prime Rate 4.45% Most major lenders April CPI Inflation 2.8% Up from 2.4% in March Hike Probability (Jun 10) ~4% Per bond markets Q1 2026 GDP Growth −0.1% Annualized; near-recession Where Things Stand: A Tricky Balancing Act The Bank of Canada has held its overnight rate at 2....
Post a Comment
Read more

article

Labels

Netanyahu Criticizes Canadian PM Carney Over Gaza Remarks

Israeli Prime Minister Benjamin Netanyahu has publicly criticized Canadian Prime Minister Mark Carney for comments made during a rally in Calgary. The controversy arose when a protester in the crowd accused Israel of committing genocide in Gaza. Carney responded, "I'm aware. That's why we have an arms embargo," a statement that Netanyahu deemed "irresponsible."

Netanyahu took to social media to express his disapproval, urging Carney to retract his remarks. He emphasized that Israel is engaged in a "just war" against Hamas, a group designated as a terrorist organization by Canada. Carney later clarified that he had not heard the word "genocide" during the protester's statement and was merely referencing Canada's arms embargo on Israel.

The incident has sparked international debate, with some questioning Carney's stance and others defending his clarification. The timing of this controversy is particularly sensitive, as it coincides with heightened tensions in the region and ongoing discussions about Canada's foreign policy.

Carney's office has yet to issue a formal response to Netanyahu's criticism, leaving the matter unresolved for now.

Labels:

Comments

Post a Comment