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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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Overnight Strikes Rock Gaza City as Israel Pushes Ahead with Offensive Plans

 

In the early hours of Thursday, Israeli forces launched a wave of air and artillery strikes on Gaza City, marking the opening phase of a long-anticipated military offensive. The bombardment targeted multiple neighborhoods, including areas to the northwest and southeast, as the Israeli government confirmed the call-up of 60,000 reservists to support the campaign.

The operation comes despite mounting international condemnation and warnings from humanitarian agencies about the worsening crisis in the enclave. Hospitals in Gaza City are already operating at nearly triple their capacity, struggling to treat a surge of trauma cases amid dwindling resources.

Residents described a night of relentless explosions, with homes shaking under the impact of strikes and the sound of ambulances echoing through the streets. Many civilians, already displaced by earlier fighting, now face the grim choice of staying in targeted areas or fleeing to overcrowded shelters.

The escalation also casts doubt over ongoing ceasefire efforts, as Hamas has signaled acceptance of a new truce proposal, but Israel has yet to formally respond. With tensions high and humanitarian conditions deteriorating, the coming days are expected to be pivotal in determining whether the conflict intensifies or shifts toward negotiation.

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