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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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Israeli Strikes Level Gaza City Towers Amid Mass Evacuations

 

Smoke and flames rise after an Israeli military strike on a building in Gaza City, Friday, Sept. 12, 2025.


Israeli forces have destroyed multiple high-rise buildings in Gaza City following evacuation warnings to residents, as the military intensifies its campaign to seize control of the area. The Israel Defense Forces (IDF) confirmed striking three towers on Sunday — including the Kawthar Tower, Mahna Tower, and a building on the Islamic University campus — which it said were being used by Hamas for surveillance and operational planning.

The demolitions come days after the IDF ordered the entire population of Gaza City to evacuate ahead of a planned ground offensive. Israeli officials estimate that more than 300,000 Palestinians have fled so far, though hundreds of thousands remain. The United Nations and aid agencies warn that the displacement of such large numbers will worsen an already dire humanitarian crisis, with overcrowding and shortages reported in southern Gaza.

Local health authorities say dozens have been killed in recent strikes, though casualty figures remain contested. Israel maintains that its operations target Hamas infrastructure embedded in civilian areas, while critics argue the scale of destruction risks deepening civilian suffering.


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