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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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Fragile Hope: Israel Reviews Hamas Truce Offer Amid Mounting Pressure

 

 Palestinians inspect the site of a morning Israeli strike on a house, in Gaza City .          


Israel is currently evaluating Hamas’s response to a U.S.-backed ceasefire proposal that could lead to a 60-day truce in Gaza and the release of hostages. The offer, supported by mediators Egypt and Qatar, includes the release of 10 living and 18 deceased hostages in exchange for 200 Palestinian prisoners, along with a partial withdrawal of Israeli forces and increased humanitarian aid to the enclave.

Prime Minister Benjamin Netanyahu is expected to convene discussions soon, as internal divisions within his government intensify. While some ministers demand continued military operations until Hamas is defeated, tens of thousands of Israeli citizens have rallied in favor of a deal to end the fighting and bring hostages home.

On the ground, violence persists. Israeli airstrikes and shelling reportedly killed at least 20 Palestinians on Tuesday, with tanks advancing into Gaza City neighborhoods. Despite the diplomatic momentum, skepticism remains. Hamas has framed the proposal as an interim step toward broader negotiations, but insists on written guarantees to prevent future hostilities.

The coming days may prove pivotal, as both sides weigh the cost of continued conflict against the possibility of a temporary peace.

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