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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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Fragile Gaza Truce Falters Amid Aid Delays and Hamas Resurgence

          Trucks loaded with humanitarian aid supplies arrive in Gaza through the Kissufim Border Crossing

The fragile ceasefire in Gaza is showing signs of unraveling as Israel delays humanitarian aid deliveries and Hamas reasserts its control on the ground.

Israeli officials confirmed that aid convoys into the enclave have been restricted, with the reopening of the border crossing to Egypt postponed. The move, they said, stems from Hamas’ slow cooperation in handing over the bodies of hostages killed during the conflict.

Meanwhile, Hamas has tightened its grip on Gaza’s streets following partial Israeli troop withdrawals. In a chilling display of authority, fighters executed several men in public, underscoring the group’s determination to maintain dominance despite international pressure.

The developments cast a shadow over U.S. President Donald Trump’s ceasefire plan, which had raised hopes of ending the war and stabilizing the region. Instead, the combination of stalled aid, border closures, and Hamas’ violent resurgence has deepened uncertainty about whether peace efforts can hold.

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