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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 Tariff Wars: A New Chapter in Global Trade

President Donald Trump has escalated his trade policy with the implementation of a new round of tariffs, marking a significant shift in the United States' approach to international commerce. Dubbed "reciprocal tariffs," these measures aim to address trade imbalances by imposing higher rates on goods from countries with trade surpluses with the U.S. The latest tariffs, which took effect on April 9, 2025, have sparked reactions worldwide, with trading partners like China announcing countermeasures, including an 84% tariff on American goods.

The economic impact of these tariffs is already being felt, with stock markets experiencing volatility and concerns rising about the potential for prolonged trade wars. While the administration argues that these tariffs will bolster domestic industries and reduce the trade deficit, critics warn of the risks to global economic stability and the strain on international relations.

The question remains: will these tariffs achieve their intended goals, or will they further complicate the global trade landscape?

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