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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 Strikes Vancouver Street Festival: Nine Lives Lost in SUV Incident


A devastating incident unfolded at Vancouver's Lapu Lapu Day Block Party on Saturday evening, leaving nine people dead and multiple others injured. The festival, celebrating Filipino culture, was winding down near East 41st Avenue and Fraser Street when a black SUV plowed into the crowd at high speed.

Eyewitness accounts describe the scene as chaotic, with bodies scattered across the street and bystanders rushing to assist the injured. The driver, a 30-year-old Vancouver man, was restrained by festival-goers until police arrived. Authorities have confirmed that the suspect is known to them and have ruled out terrorism as a motive.

The Lapu Lapu Day Block Party, named after a Filipino resistance fighter, had drawn thousands of attendees throughout the day. The tragedy has left the community in shock, with Vancouver Mayor Ken Sim expressing his condolences and support for the victims and their families.

Investigations are ongoing, and the Vancouver Police Department's Major Crime Section is leading the case. The city mourns the loss of lives and grapples with the aftermath of this horrific event.

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