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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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Carney Stands by Foreign Travel, Citing Gains in Trade and Investment

 

                                            Prime Minister Mark Carney


Prime Minister Mark Carney is pushing back against criticism of his frequent international travel, insisting that his trips abroad are essential to advancing Canada’s economic and diplomatic interests.

Carney, who has already visited more than a dozen countries since taking office in March, argues that these missions are laying the groundwork for stronger trade partnerships and new investment opportunities. “We are building our strength at home, diversifying our partnerships abroad and creating a web of strong global connections,” he said in a recent statement.

The prime minister’s latest stop is London, where he is attending the Global Progress Action Summit alongside leaders from the U.K., Australia, Spain, and Denmark, as well as meeting with energy firms and investment bodies.

Opposition parties, however, have accused Carney of neglecting domestic issues, pointing to rising concerns over affordability and inflation. Conservative Leader Pierre Poilievre has criticized the prime minister’s “globe-trotting,” suggesting Canadians are left to deal with worsening conditions at home.

Supporters counter that Carney’s outreach is a necessary response to shifting global dynamics, particularly as Canada seeks to diversify trade ties beyond the United States. International affairs experts note that his efforts are aimed at positioning Canada as “open for business” and attracting long-term investment.

As Carney continues his diplomatic push, the debate over whether his travels deliver tangible benefits for Canadians is likely to intensify.


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