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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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Gaza’s Water Crisis Deepens: UNICEF Warns of Looming Catastrophe

Gaza is teetering on the edge of a humanitarian disaster as its water infrastructure collapses under the weight of conflict and blockade, according to UNICEF. The agency has described the situation as a “man-made drought,” with only 40% of drinking water production facilities still operational.

UNICEF spokesperson James Elder warned that children are at immediate risk of dying from thirst, as access to clean water has plummeted far below emergency standards. The crisis is compounded by a fuel blockade that has crippled the operation of water pumps and distribution systems, leaving over two million Palestinians without reliable access to safe water.

The consequences are already visible: a 50% surge in malnutrition among children under five was reported between April and May, and half a million people are facing hunger. Elder emphasized that the crisis is not due to logistical failure but political inaction, noting that with sufficient fuel, hundreds of wells could resume operation within a day.

As the blockade continues and humanitarian aid remains restricted, UNICEF has called this the most critical moment since the conflict began. Without urgent intervention, the most basic element of life—water—may become the deadliest weapon in Gaza’s ongoing tragedy. 



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