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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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Canada Unveils $2B Defence Boost for Ukraine on Independence Day

 

                                    Drones, armoured vehicles part of Canada's $2B military aid package for Ukraine.

 

On a surprise visit to Kyiv marking Ukraine’s Independence Day, Prime Minister Mark Carney detailed a sweeping $2‑billion military aid package aimed at strengthening Ukraine’s defence against Russia.

The package includes:

  • $835 million for urgently needed supplies such as armoured vehicles, weapons, and medical equipment
  • $680 million for NATO‑prioritized purchases, including U.S. munitions and air defence systems
  • $220 million for drones, counter‑drone tools, and electronic warfare capabilities, developed jointly by Canadian and Ukrainian industries

Additional funds will support ammunition procurement, explosives, and broader defence capacity building. Canada also pledged $31 million in humanitarian and reconstruction aid, targeting projects like countering disinformation, bolstering democracy, and enhancing digital resilience.

Since the start of the conflict, Canada’s total support for Ukraine has reached $22 billion, largely through financial assistance and loans.


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