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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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Air Canada Flight Attendants Defy Back-to-Work Order, Strike Continues Amid Government Intervention

 

                                            Demonstrators hold placards on the day the strike begins.

Air Canada Flight Attendants Extend Strike Despite Federal Arbitration Order

Air Canada flight attendants, represented by the Canadian Union of Public Employees (CUPE), have vowed to continue their strike despite a federal back-to-work order issued less than 12 hours after the work stoppage began. The government’s intervention, led by Jobs Minister Patty Hajdu, mandates binding arbitration and the resumption of airline operations, but union leaders say they’re not backing down.

CUPE, which represents 10,000 flight attendants, criticized the government’s swift action, accusing Hajdu of capitulating to Air Canada’s demands and undermining workers’ rights. “To legislate us back to work 12 hours after we started? I’m sorry, snowstorms have shut down Air Canada for longer than we were allowed to strike,” said Lillian Speedie, vice-president of CUPE Local 4092.

The strike, which began early Saturday morning after failed last-minute negotiations, has led to the cancellation of over 700 flights and disrupted travel plans for more than 130,000 passengers daily. Air Canada Express flights operated by Jazz and PAL remain unaffected.

Key issues in the dispute include wage stagnation over the past decade and unpaid labor during non-flight duties. CUPE has organized national demonstrations at major airports including Toronto, Montreal, Vancouver, and Calgary, signaling continued resistance to the arbitration order.

Despite Air Canada’s announcement that flights would resume Sunday evening, the union insists picket lines will remain active until further notice. Both parties are expected to return to the bargaining table this week, though tensions remain high.


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