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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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U.S. Military Strike Sinks Suspected Venezuelan Drug Vessel, Killing 11

U.S. President Donald Trump said in a social media post that the targeted vessel was 'transporting illegal narcotics' and 'heading to the United States.'

The United States military has carried out a strike in the southern Caribbean against a vessel allegedly transporting illegal narcotics from Venezuela, President Donald Trump announced on Tuesday. According to Trump, the operation targeted members of the Tren de Aragua gang — a group Washington has designated as a foreign terrorist organization — and resulted in the deaths of 11 people.

Trump said the strike occurred in international waters as the boat was en route toward the United States. He shared a video on social media appearing to show the vessel engulfed in flames following an explosion, though Venezuelan officials questioned the authenticity of the footage, suggesting it may have been artificially generated.

The incident marks the first known military action in the region since the recent deployment of U.S. warships to counter drug trafficking. Venezuelan President Nicolás Maduro did not directly address the strike but accused Washington of seeking control over the country’s natural resources.


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