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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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Israeli Air Strikes on Rafah Raise Fear of Ground Assault

 

 Israel’s recent air strikes on Rafah have intensified concerns among the more than a million people seeking refuge in this southern Gaza Strip enclave. The bombings targeted at least three homes overnight, leaving residents fearing an imminent ground assault. Tragically, one of the airstrikes claimed the lives of 11 family members.

Mussa Dhaheer, who witnessed the destruction firsthand, described the heart-wrenching scene: “I don’t know what to do. I don’t know what to say. I can’t make sense of what happened. My parents. My father with his displaced friends who came from Gaza City. They were all together, when suddenly they were all gone like dust” .

Jamil Abu Houri, another resident, expressed concern about Israel’s disregard for a U.N. Security Council resolution demanding an immediate ceasefire. He fears that a ground assault on Rafah is imminent, despite pleas from Washington to avoid further harm to civilians. “Where is the Security Council?” Abu Houri asked. "Look at our little ones. Look at our children. Where should we go?".

In the occupied West Bank, where violence has escalated alongside the Gaza conflict, three Palestinians lost their lives during an Israeli raid in Jenin. The toll of casualties continues to rise, with thousands of lives affected by the ongoing war. Hospitals in Gaza, including Al-Amal, Nasser, and Al Shifa, are strained, and civilians and medics face immense challenges.

As the world watches, the situation remains dire. Families mourn their loved ones, and the international community grapples with how to address the escalating violence. The haunting image of Inas Abu Maamar cradling her 5-year-old niece’s lifeless body serves as a stark reminder of the human cost of conflict. We must continue to seek peace and advocate for the safety and well-being of civilians caught in the crossfire.


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