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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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Federal Judge Halts Trump’s Military Deployment in Los Angeles, Citing Violation of Posse Comitatus Act

 

Members of the California National Guard are deployed outside a complex of federal buildings in Santa Ana, California


A federal judge in San Francisco has blocked the Trump administration from using federal troops for law enforcement in California, ruling that the deployment of National Guard members and U.S. Marines to Los Angeles violated the 1878 Posse Comitatus Act, which restricts the use of the military in domestic policing.

U.S. District Judge Charles Breyer found that the administration’s actions—sending 4,000 National Guard troops and 700 Marines to assist in immigration raids and crowd control—overstepped legal limits and risked creating what he described as a “national police force with the president as its chief”. The ruling, which follows a three-day trial, prohibits the use of troops for arrests, searches, seizures, traffic control, or crowd management, though they may still protect federal property.

California Governor Gavin Newsom, who filed the lawsuit, hailed the decision as a victory against what he called the “illegal militarization” of American cities. The order is on hold until September 12 to allow the Trump administration time to appeal.


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