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Bank of Canada Holds at 2.25% — Again: What It Means for Your Mortgage and Markets Today

  Wednesday, June 10, 2026  |  Canadian Money Brief It's official: the Bank of Canada held its overnight rate steady at 2.25% this morning — the fourth consecutive hold in 2026 , following identical decisions in January, March, and April. The move was widely anticipated, but the language in today's statement and Governor Tiff Macklem's 10:30 a.m. press conference are delivering the real signal: the BoC is watching the Middle East conflict carefully, is not yet alarmed by inflation, but is making clear that rate hikes remain on the table if energy prices push inflation higher. Here's the full picture — BoC reaction, Canadian markets, Wall Street, oil, and global moves. 🏦 Bank of Canada: Holds at 2.25% — But With a Warning The Bank of Canada's statement this morning was brief but pointed. The Governing Council noted that "economic activity in Canada has been weak and uncertainty about US trade policy persists," while also flagging that "the conflict ...
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U.S. Diplomacy at a Crossroads: Trump and Rubio Signal Urgency in Russia-Ukraine Peace Talks

In a pivotal moment for international diplomacy, President Donald Trump has called on Russia to halt its attacks on Ukraine, emphasizing the need for immediate action to end the ongoing conflict. Trump's remarks come as U.S. Secretary of State Marco Rubio warns that the United States may reconsider its role in mediating peace efforts if progress remains elusive.

During a recent meeting with Ukrainian President Volodymyr Zelenskyy at the Vatican, Trump expressed frustration over Russia's continued aggression, stating that there was "no reason for Putin to be shooting missiles into civilian areas." Rubio echoed the urgency, describing the coming week as "critical" for determining whether the U.S. will continue its involvement in the peace process.

The stakes are high, with both leaders underscoring the importance of a negotiated settlement to end the war. However, the path forward remains fraught with challenges, as territorial disputes and security guarantees continue to be major sticking points in the negotiations. 

This moment could define the future of U.S. engagement in global conflict resolution, as the administration balances its commitment to peace with the realities of geopolitical complexities.

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