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Bank of Canada Rate Decision Tomorrow: What Every Canadian Needs to Know Before June 10

Current Rate 2.25% Held since Oct 2025 Expected Decision HOLD 34/34 economists Announcement 9:45 AM Wed, June 10 (ET) Prime Rate 4.45% Most major lenders On Wednesday morning, June 10, the Bank of Canada will announce its interest rate decision at 9:45 AM ET — and for Canadians with a mortgage, a variable-rate loan, or a renewal coming up, the decision is just two days away. Governor Tiff Macklem will follow with a press conference at 10:30 AM. The short answer: expect no change. But the full picture is considerably more complicated — and the Bank's tone tomorrow could signal whether rate hikes are quietly creeping back onto the table. The Consensus: A Hold, Full Stop The economist community is remarkably united heading into this decision. In a Reuters poll conducted June 2–5, all 34 economists surveyed predicted the Bank would leave its overnight rate at 2.25%. More than 80% said it would stay there for the rest of 2026. "Under normal circumstances, today's sagging econom...
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Ontario’s Highway 401 Tunnel: A Costly Vision with Questionable Benefits

 

Ontario Premier Doug Ford’s ambitious proposal to construct a tunnel beneath Highway 401 has sparked significant debate. Experts estimate the project could cost upwards of $60 billion, making it one of the most expensive infrastructure undertakings in Canadian history.

Dr. Shoshanna Saxe, an Associate Professor at the University of Toronto, projects the cost at approximately $1 billion per kilometre, with the total potentially exceeding $55 billion. The tunnel, intended to alleviate congestion on one of North America’s busiest highways, would stretch from Mississauga and Brampton in the west to Markham and Scarborough in the east.

However, critics argue that the tunnel may not effectively address traffic congestion. Ontario Liberal Leader Bonnie Crombie and Ontario Green Party Leader Mike Schreiner have both voiced strong opposition, suggesting that the funds would be better invested in public transit, which could provide more immediate and sustainable relief.

The feasibility study, which is yet to be completed, will provide more detailed insights into the project’s potential costs and benefits. Until then, the debate continues over whether this monumental investment is the right solution for Ontario’s transportation challenges.


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