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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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Israeli Airstrike on Tehran’s Evin Prison Leaves 71 Dead, Iran Says

In a dramatic escalation of hostilities, Iran has reported that an Israeli airstrike on Tehran’s notorious Evin Prison killed at least 71 people. The strike, which occurred on June 23 during a 12-day conflict between the two nations, targeted the prison’s administrative buildings and surrounding areas.

According to Iranian judiciary spokesperson Asghar Jahangir, the victims included prison staff, conscripts, detainees, visiting family members, and nearby residents. The facility, long criticized by human rights groups for detaining political prisoners and foreign nationals, suffered significant structural damage, including to its health center and visitor halls.

The attack has drawn international concern, particularly from France, which condemned the strike for endangering its citizens held at the prison. Iranian authorities have since relocated the remaining inmates to other facilities in Tehran province.

The strike on Evin Prison marks a symbolic shift in Israel’s targeting strategy, extending beyond military and nuclear sites to institutions seen as pillars of Iran’s internal control.

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