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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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European Powers Decry Threats Against IAEA Chief Amid Rising Nuclear Tensions

Britain, France, and Germany have jointly condemned what they described as threats against Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA), following inflammatory rhetoric in Iranian media. The condemnation comes after Iran’s hardline Kayhan newspaper accused Grossi of espionage and called for his execution, a move that has sparked international concern.

In a unified statement, the three European nations reaffirmed their support for the IAEA and urged Iran to ensure the safety of its personnel. They also called on Tehran to resume full cooperation with the agency, in line with its obligations under the nuclear Non-Proliferation Treaty.

Tensions have escalated in the wake of Israeli and U.S. airstrikes on Iranian nuclear facilities, which Iran claims have compromised its ability to guarantee the safety of international inspectors. Iranian officials argue that the IAEA’s failure to condemn these attacks undermines its neutrality.

The situation underscores the fragile state of nuclear diplomacy in the region, with European leaders pressing for de-escalation and renewed dialogue.

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