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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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Tragedy in Richmond Hill: Toddler Dead, Multiple Injured After SUV Crashes Into Daycare

 

Police and fire crews work to remove a vehicle from First Roots Early Education Academy after it was driven through the daycare's window in Richmond Hill, Ont., on Wednesday.


A devastating incident unfolded in Richmond Hill, Ontario, on Wednesday afternoon when an SUV plowed through the front window of the First Roots Early Education Academy, killing a one-and-a-half-year-old boy and injuring six other children.

York Regional Police say the driver, a man in his 70s, was arrested at the scene and is now facing charges of dangerous operation causing death and dangerous operation causing bodily harm. Three adult staff members were also hurt in the crash.

Authorities believe the collision was not intentional. According to police, the SUV was in the daycare’s parking lot before, for reasons still under investigation, it accelerated into the building during afternoon pickup time.

Two of the injured children remain in critical condition, while others are recovering from non-life-threatening injuries. The tragedy has left the community in shock, with local leaders and residents expressing deep sorrow and support for the affected families.

The daycare has issued a statement saying it is “heartbroken and deeply saddened” by the loss, as investigators continue to piece together the events that led to the crash.


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