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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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Russia Urges Diplomacy Over Threats Against Iran

In a recent statement, Russia has cautioned against the use of military force on Iran, following threats from U.S. President Donald Trump. Moscow emphasized that bombing Iran would not lead to peace and urged for diplomatic solutions instead. Kremlin spokesperson Dmitry Peskov highlighted the importance of dialogue over confrontation, while Foreign Ministry spokeswoman Maria Zakharova stated that the world is growing weary of constant threats against Iran.

The tensions arise as Iran approaches talks with the U.S. regarding its nuclear program. These discussions are marked by skepticism from Tehran, which has expressed doubts about Washington's intentions. The U.S. has accused Iran of covertly pursuing nuclear weapons, a claim Tehran denies.

Russia, maintaining a strategic partnership with Iran, has called for balanced solutions to address Western concerns about Iran's uranium enrichment while avoiding a crisis in the Middle East.

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