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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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U.S. Envoy Excludes Europe from Ukraine Peace Talks

In a surprising move, the U.S. Special Envoy for Ukraine and Russia, Keith Kellogg, announced that Europe will not be part of the upcoming peace talks aimed at resolving the ongoing conflict between Ukraine and Russia. This decision has sparked concerns among European leaders, who fear being sidelined in discussions that directly impact their security.

The announcement was made during the Munich Security Conference, where Kellogg emphasized that the U.S. would act as an intermediary, with Ukraine and Russia as the primary negotiators. He stated that while European interests would be considered, they would not have a seat at the negotiation table.

European leaders have expressed their dissatisfaction with this decision, urging for more involvement in the peace process. Finland's President Alexander Stubb highlighted the importance of European participation in discussions about Ukraine's future and the broader European security structure. Despite these concerns, the U.S. administration remains firm in its stance, prioritizing other global challenges such as border security and countering China.

The exclusion of Europe from the peace talks has raised questions about the future of transatlantic relations and the role of European nations in addressing regional conflicts. As the situation unfolds, it remains to be seen how this decision will impact the dynamics of the Ukraine-Russia conflict and the broader geopolitical landscape.



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