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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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Israel Mobilizes 50,000 Reservists Ahead of Gaza City Push

 

An Israeli soldier stands next to military vehicles as seen from the Israeli side of the Israel-Gaza border.


Israel is preparing to call up 50,000 reservists in the coming days as part of a planned offensive to seize control of Gaza City, the largest urban center in the Gaza Strip. According to a senior military official, most of the forces engaged in the operation will be active-duty soldiers, with reservists filling roles in the air force, intelligence, and logistical support, or replacing active personnel stationed elsewhere.

Defense Minister Israel Katz has approved the plan, which aims to target Hamas strongholds and underground tunnel networks in areas where Israeli forces have yet to operate. The move comes amid ongoing ceasefire negotiations mediated by Qatar and Egypt, with proposals on the table for a 60-day truce, hostage exchanges, and increased humanitarian aid.

Human rights groups and international observers have warned that the offensive could deepen Gaza’s humanitarian crisis, where widespread displacement, infrastructure destruction, and famine risks are already severe. Despite mounting pressure, Israeli officials maintain that securing the release of remaining hostages and dismantling Hamas’ military capabilities remain top priorities.

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