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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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Carney Calls for National Unity, Outlines Trade Strategy Amid Trump’s Influence

Former Bank of Canada Governor Mark Carney has urged Canadians to come together in a time of economic uncertainty, emphasizing national unity as the country navigates complex trade relationships and global economic shifts.  

In a speech addressing business leaders and policymakers, Carney outlined key steps to strengthen Canada’s trade position, particularly in light of evolving U.S. policies under former President Donald Trump’s influence. Carney has stressed the need for unifying the country and diversifying its trading partners to pivot away from relying on the United States and reducing the impact of Trump’s tariff policies.  

While expressing optimism about Canada’s ability to adapt, Carney emphasized the importance of collaboration among industries, provinces, and political leaders to secure economic resilience. His government has pledged to improve trade between provinces and craft more "Made in Canada" supply chains to reduce reliance on foreign markets.  

With ongoing discussions about trade agreements and geopolitical tensions, Carney’s message resonated as a call to prioritize stability and shared prosperity. His remarks reinforced the idea that Canada's economic future depends on a unified approach to global commerce and domestic policy adaptation.  

Carney is expected to visit Washington next week to meet with Trump on trade and security issues, aiming to negotiate terms that will protect Canadian industries from further economic disruptions.  


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