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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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Coalition Crisis Deepens as Netanyahu Faces Ultra-Orthodox Revolt

Israeli Prime Minister Benjamin Netanyahu is grappling with a fresh political crisis after the ultra-Orthodox United Torah Judaism (UTJ) party announced its departure from the ruling coalition over a contentious military conscription bill.

The dispute centers on long-standing exemptions from mandatory military service for ultra-Orthodox seminary students—a privilege increasingly criticized by secular Israelis, especially amid the ongoing war in Gaza. UTJ’s resignation, set to take effect within 48 hours, leaves Netanyahu with a razor-thin one-seat majority in the Knesset. The larger Shas party, also ultra-Orthodox, may follow suit, potentially stripping the government of its parliamentary control.

This political shakeup comes at a critical juncture, as ceasefire negotiations with Hamas continue in Qatar. Netanyahu is under pressure from far-right coalition partners who oppose any truce, while public fatigue over the 21-month conflict grows.

Despite the turmoil, Netanyahu may still have time to broker a compromise. Parliament’s upcoming summer recess offers a temporary reprieve, giving the prime minister several months to stabilize his coalition before any formal collapse.



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