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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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Ottawa Unveils Nearly 500 Measures to Slash Red Tape and Boost Efficiency

 

                 President of the Treasury Board Shafqat Ali rises during question period in House of Commons on         Thursday, May 29, 2025. 


The federal government has announced the results of a 60‑day review aimed at streamlining regulations and cutting costs, revealing nearly 500 proposed measures across departments and agencies.

Treasury Board President Shafqat Ali, who spearheaded the initiative in early July, said the changes are designed to eliminate outdated or redundant rules, speed up decision‑making, and improve service delivery. Examples include ending certain Canada Border Services Agency checks for international transiting travellers, introducing Transport Canada rules for transporting low‑risk dangerous goods by drone, and overhauling the Canadian Armed Forces grievance system.

Ali noted that the new measures could lead to faster access to new drugs, more efficient reviews of major projects, and stronger collaboration with trading partners. The federal Red Tape Reduction Office will now work with regulators, provinces, and territories to implement the proposals and identify further opportunities for reform.

Prime Minister Mark Carney, who promised the review during his election campaign, framed the effort as part of a broader push to make government leaner and more competitive, while unlocking economic growth.

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