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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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Power begins to return after huge outage hits Spain and Portugal, Cause Still Unclear

 

Power has been almost fully restored across Spain and Portugal following one of the most significant blackouts in European history. The outage, which began on April 28, 2025, disrupted daily life for millions, grounding flights, halting metro systems, and leaving cities in darkness. By early April 29, over 99% of energy demand in Spain and all power substations in Portugal were back online.

Despite the restoration efforts, the root cause of the blackout remains a mystery. Initial investigations have ruled out cyberattacks and sabotage, with experts pointing to potential anomalies in the interconnected European power grid. Spanish and Portuguese authorities continue to work closely with energy operators to determine the exact sequence of events that led to the unprecedented outage.

As life returns to normal, questions linger about the resilience of the region's power infrastructure and the measures needed to prevent future disruptions. For now, the Iberian Peninsula breathes a sigh of relief as lights flicker back on and daily routines resume.

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