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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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Trudeau Faces Mounting Pressure to Resign Amid Political Turmoil

In a week that could mark a historic turning point in Canadian politics, Prime Minister Justin Trudeau is under intense scrutiny as calls for his resignation grow louder. Reports suggest that Trudeau may announce his decision to step down as early as today, ahead of a crucial national caucus meeting scheduled for Wednesday.

The pressure on Trudeau has been building for weeks, with multiple MPs from his own Liberal party joining the chorus of voices urging him to resign. This follows the surprise resignation of Finance Minister Chrystia Freeland in mid-December, which has only intensified the calls for Trudeau's departure.

Political analysts are speculating on the potential outcomes and the future leadership of the Liberal party. If Trudeau does step down, the party will need to name an interim leader and prepare for a leadership race. Among the potential contenders is Mark Carney, whose name has been floated as a possible successor.

As the political landscape in Ottawa remains uncertain, all eyes are on Trudeau and his next move. The coming days will be critical in determining the future direction of the Liberal party and Canadian politics as a whole.

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