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Bank of Canada Rate Decision: What to Expect on June 10

  On Wednesday, June 10, 2026 , the Bank of Canada will announce its next interest rate decision — and every Canadian with a mortgage, a savings account, or a variable-rate line of credit has good reason to pay attention. While a hold at the current 2.25% overnight rate is almost universally expected, the real story this month isn't the number itself. It's the language surrounding it. Canada's economy has slipped into what many are calling a technical recession, inflation is being pushed higher by a global energy shock, and economists are divided on where rates go from here. Here's everything you need to know before Wednesday's announcement. BoC Overnight Rate 2.25% Held since early 2026 Bank Prime Rate 4.45% Most major lenders April CPI Inflation 2.8% Up from 2.4% in March Hike Probability (Jun 10) ~4% Per bond markets Q1 2026 GDP Growth −0.1% Annualized; near-recession Where Things Stand: A Tricky Balancing Act The Bank of Canada has held its overnight rate at 2....
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Pope Leo XIV Calls for Church to Illuminate the World in First Mass

 

 In his first Mass as pontiff, Pope Leo XIV urged the Catholic Church to serve as a guiding light in a world facing spiritual darkness. Speaking in the Sistine Chapel, where he was elected less than 24 hours earlier, the newly appointed pope emphasized the importance of faith and outreach.

Leo XIV, formerly Cardinal Robert Prevost, is the first American pope in the Church’s history. During his homily, he acknowledged the challenges of modern society, where faith is often dismissed or misunderstood. He expressed his vision for the Church as a beacon of hope, illuminating the “dark nights” of the world and offering guidance to those searching for meaning.

Dressed in simple white and gold vestments, Pope Leo XIV spoke briefly in English before continuing his homily in Italian. He described his role as a “faithful administrator” of the Church and called on Catholics to embrace their mission with joy and conviction.

The Mass was attended by over 130 cardinals, who had gathered for the conclave that elected Leo XIV as the 267th pope. Following the service, the new pontiff was scheduled to have lunch with the cardinals before they departed for their respective dioceses.

Leo XIV’s election marks a historic moment for the Catholic Church, and his first words as pope suggest a commitment to unity, faith, and renewal. As he embarks on his papacy, many will be watching to see how he leads the Church into this new chapter.

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