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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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Gaza Ceasefire Talks Begin in Egypt, But Deep Divisions Cloud Progress

Smoke rises following explosions during the Israeli military offensive in Gaza City, as seen from the central Gaza Strip.

Negotiators from Israel and Hamas convened in Egypt on Monday for U.S.-backed talks aimed at halting the war in Gaza and securing the release of hostages. The discussions, part of President Donald Trump’s 20-point peace blueprint, mark the most ambitious diplomatic push yet to end the two-year conflict.

The talks come as Gaza faces a humanitarian catastrophe, with more than 67,000 Palestinians reported killed and the majority of its 2.2 million residents displaced. Israel continues to grapple with the trauma of the October 7, 2023 Hamas-led attack that killed 1,200 people and saw 251 hostages taken.

The Israeli delegation includes senior intelligence officials and Prime Minister Benjamin Netanyahu’s advisers, while Hamas is represented by exiled leader Khalil Al-Hayya. Central issues on the table include a potential prisoner swap, an Israeli military withdrawal, and the contentious demand that Hamas disarm — a condition the group has rejected without guarantees of Palestinian statehood.

Despite Trump’s public call for negotiators to “move fast,” officials close to the process caution that a breakthrough is unlikely in the near term. Both sides remain deeply mistrustful, and mediators expect talks to stretch over several days, if not longer.

For now, the negotiations represent a fragile opening — but one overshadowed by the immense political and humanitarian challenges that remain unresolved.


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