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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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Investigation into Baltimore Bridge Collapse Picks Up Speed as Divers Search for Missing Workers

 

U.S. federal safety investigators have recovered the black box from the freight ship that crashed into the Francis Scott Key Bridge, causing its collapse. Rescuers are now searching for the remains of six construction workers who were lost in the tragic incident.

The cargo ship, a 948-foot (289-meter) Singapore-flagged container vessel named Dali, collided with a pillar of the 1.6-mile (2.6 km) bridge in the early morning darkness on Tuesday. The impact caused a trestled section of the bridge to crumple into the water, sending vehicles and workers into the frigid, 50-foot-deep waters at the mouth of the Patapsco River.

Key Details:

  • Black Box Recovery: Investigators from the U.S. National Transportation Safety Board (NTSB) retrieved the data recorder after boarding the ship late on Tuesday. They will interview the ship’s crew and other survivors.
  • Closure of Port of Baltimore: The disaster forced the indefinite closure of the Port of Baltimore, one of the busiest on the U.S. Eastern Seaboard, creating a traffic quagmire for Baltimore and the surrounding region.
  • Rescues and Tragedy: Rescuers managed to pull two construction workers from the water alive on Tuesday, but six others are presumed to have perished. Among the missing are immigrants from Mexico, Guatemala, and El Salvador.
  • Bridge Code Compliance: Maryland Governor Wes Moore stated that the bridge was up to code with no known structural issues.
  • Preventing Higher Casualties: The container vessel had reported a loss of propulsion shortly before impact and dropped anchor to slow down, allowing transportation authorities to halt traffic on the bridge before the crash. This likely prevented a higher death toll.

The investigation into this tragic incident will provide a timeline of events, shedding light on how and why the cargo ship collided with the bridge. Meanwhile, divers continue their search for the missing workers, navigating mangled metal in the dark waters where lives were lost.


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