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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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Sizzling Surge: Ontario Braces for Prolonged Heat Wave

 

This latest bout of sweltering temperatures marks the sixth time the Greater Toronto Area has been under a heat warning this year, meteorologist Weiqing Zhang said.


As a sweltering mass of hot, humid air settles over Ontario, meteorologists have issued heat warnings across the province, urging residents to stay cool and hydrated. Temperatures are expected to climb well into the 30s Celsius, with humidex values making conditions feel closer to 40°C in some areas.

Local health units are advising precautions, especially for vulnerable populations including seniors, young children, and those with pre-existing health conditions. Officials suggest limiting outdoor activity, staying indoors with air conditioning, and drinking plenty of fluids throughout the day.

Cooling centres are being activated in cities such as Whitby and Toronto, providing relief for residents without access to climate-controlled environments. In the meantime, the heat wave is forecast to persist into next week, with little nighttime reprieve as overnight temperatures remain elevated.

This early-August scorcher serves as a stark reminder of the increasing frequency and intensity of extreme weather, as climate patterns continue to shift.


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