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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...
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Tragedy at Toronto Pearson Airport: Police-Involved Shooting Leaves One Dead

A man has died following a police-involved shooting at Toronto Pearson International Airport's Terminal 1. Peel Regional Police responded to reports of a "man in distress" early Thursday morning. According to the Special Investigations Unit (SIU), the man produced a firearm during the encounter, prompting three officers to discharge their weapons. The 30-year-old man was transported to the hospital, where he was pronounced dead. No officers were injured in the incident.

The shooting caused significant disruptions at the airport, with passengers rerouted and delays reported. Authorities have assured the public that this was an isolated incident and there are no ongoing threats to safety. The SIU is investigating the circumstances surrounding the shooting, as is standard procedure in cases involving police conduct.

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