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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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Trump's Semiconductor Tariff Plans Leave Tech Industry on Edge


In a move that has sent ripples through the tech industry, former U.S. President Donald Trump announced plans to introduce tariffs on imported semiconductors. Speaking aboard Air Force One, Trump hinted at flexibility for certain companies but emphasized the need to bolster domestic production of chips and electronics. This announcement follows a series of tariff exemptions for consumer electronics, which had briefly raised hopes within the tech sector.

Commerce Secretary Howard Lutnick clarified that while some products like smartphones and laptops are temporarily exempt, they will likely face separate tariffs in the coming months. This back-and-forth has created significant uncertainty, with industry leaders expressing concerns over potential disruptions to global supply chains and increased costs for consumers.

The semiconductor tariffs are part of a broader strategy to reshape the electronics supply chain and encourage domestic manufacturing. However, the tech industry remains wary, as these measures could lead to retaliatory actions from trade partners and further volatility in the market. 

The coming weeks will reveal the full scope of these tariffs and their impact on the global tech landscape.

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