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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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UK Eyes Economic Accord as a Path to Tariff Relief

The United Kingdom remains optimistic about the prospects of securing the reversal of US-imposed tariffs through an upcoming economic agreement. Officials from Britain view this potential accord as a critical opportunity to strengthen bilateral trade ties and reduce trade barriers that have strained the economic relationship between the two nations.

Negotiations have gained momentum as both parties seek to address key trade issues, including tariffs on steel, aluminum, and other goods. The UK's leadership has expressed hope that removing these tariffs will not only benefit exporters but also foster economic growth on both sides of the Atlantic.

As discussions advance, analysts are closely observing the diplomatic dynamics that will shape the outcome of the agreement. The deal, if finalized, could mark a turning point in the UK-US economic partnership, paving the way for deeper collaboration and mutual prosperity.


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