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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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Hamas Accepts US Ceasefire Proposal, Awaiting Israeli Response

In a significant development, Hamas has agreed to a ceasefire proposal put forward by the United States, according to a Palestinian official. The proposal, relayed through mediators, includes a 70-day truce and the release of ten Israeli hostages in two groups in exchange for a partial withdrawal of Israeli forces from Gaza.

The agreement also involves the release of several Palestinian prisoners held by Israel, including hundreds serving lengthy sentences. While Hamas has accepted the terms, Israel has yet to issue an official response.

This development comes amid ongoing conflict in Gaza, where Israeli airstrikes continue to target key locations. The ceasefire proposal, if implemented, could mark a turning point in efforts to de-escalate tensions in the region.

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