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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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Ottawa Extends $1 Billion Lifeline to Canada Post

 

The federal government has announced a $1 billion loan to Canada Post to help the Crown corporation maintain its operations amid significant financial challenges. The funding, which will be provided through the 2025-26 fiscal year, aims to ensure that Canada Post can continue to meet its non-discretionary obligations and avoid running out of cash.

Canada Post has faced substantial annual losses since 2018, driven by rapid changes in the postal and parcel delivery sectors, high labor costs, and legacy regulatory measures. The loan is intended to serve as a temporary financial bridge while the government and Canada Post work together on long-term changes to secure the viability of the postal service.

The announcement comes after a strike by Canada Post workers late last year, which brought mail delivery to a halt until the federal government intervened to end the job dispute. Public Services and Procurement Canada emphasized that the funding is necessary to ensure continuity of operations but will not solve the structural issues facing the corporation.

Canada Post has committed to working with the government to modernize its operating model and return to financial self-sustainability. The corporation has already made efforts to improve service through facilities upgrades, new sorting equipment, and digital platforms.



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