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5 Things to Know Today – June 9, 2026

  Here are the five stories shaping your money today — from tomorrow's pivotal Bank of Canada decision to a looming trade deadline that could affect every Canadian business. 1. 🏦 Bank of Canada Decides Tomorrow — Hold Expected, But It's Not Simple All eyes are on Ottawa as the Bank of Canada announces its overnight rate decision on Wednesday, June 10 at 9:45 a.m. ET. The benchmark rate currently sits at 2.25%, and a hold is the widely expected outcome. But experts say it's the most uncertain call in months. Canada's economy has slipped into a technical recession — Q1 2026 GDP contracted at an annualized rate of -0.1%, following a downward revision to Q4 2025 (-1.0%). Under normal conditions, that would point toward a rate cut. But with energy-driven inflation climbing to 2.8% in April and geopolitical pressures still unresolved, the Bank is stuck between a rock and a hard place. Governor Tiff Macklem holds a press conference at 10:30 a.m. ET. Markets will be listening ...
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Canada’s Carbon Price Set to Rise on April 1: What You Need to Know

Canada’s carbon price is poised to increase on April 1, despite some provincial leaders expressing concerns about affordability. Let’s delve into the details:

The impending carbon price hike is not unexpected. It’s a fundamental policy of Prime Minister Justin Trudeau’s minority Liberal government. By putting a price on pollution, the aim is to encourage people to use fewer fossil fuels, ultimately reducing emissions from the economy. Annual increases are part of the government’s overall pricing scheme, with plans extending until at least 2030.

For most Canadians, the impact of the April 1 increase will be most noticeable at the gas station and on energy bills. Here’s how it breaks down:

  • Gasoline: The carbon tax will add 17 cents per liter.
  • Diesel: Expect an additional 21 cents per liter.
  • Natural Gas: The increase amounts to 15 cents per cubic meter.

Keep in mind that British Columbia, Quebec, and the Northwest Territories have their own carbon pricing systems in place, while other provinces and territories fall under the federal backstop plan.

While the carbon price does play a role in household affordability, it’s essential to recognize that its effects are relatively small compared to global oil prices and corporate profitability. Canadians may also experience indirect effects, such as transportation costs influencing food prices.

In summary, Canada’s commitment to tackling climate change involves incremental carbon price increases, aiming for a greener and more sustainable future.

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