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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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Lakeshore Boulevard Transforms into a Carnival Wonderland for Toronto's Caribbean Celebration

Thousands of people decked out in an array of colourful, elaborate ensembles made their way down Lake Shore Boulevard Saturday for the Toronto Caribbean Carnival's annual Grand Parade, one of the largest events in the city.


The 2025 Toronto Caribbean Carnival Grand Parade lit up Lakeshore Boulevard on Saturday, drawing thousands of revellers in a spectacular celebration of Caribbean culture, freedom, and unity. The parade, formerly known as Caribana, is the crown jewel of the month-long festival and one of North America's largest cultural events.

Masqueraders adorned in vibrant, feathered costumes danced to the infectious rhythms of soca, calypso, and steelpan as they paraded from Exhibition Place along the waterfront. Spectators lined the streets to witness the dazzling display of artistry and heritage, with many traveling from across Canada and the U.S. to join the festivities.

The Carnival also featured events like the King and Queen Showcase, Carnival Village at Sankofa Square, and Pan in D’Park, highlighting the diversity and richness of Caribbean traditions. Local vendors offered Caribbean cuisine, artisan crafts, and live performances, creating a multisensory experience for attendees.

Toronto police ensured safety with increased presence and traffic control, while GO Transit and TTC provided extended service to accommodate the massive turnout.

The Toronto Caribbean Carnival continues to be a vibrant symbol of cultural pride, drawing over a million attendees annually and reinforcing the city’s reputation as a global hub of multicultural celebration.


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