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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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Lecornu Narrowly Escapes Ouster as French PM Survives Twin No-Confidence Votes

 

French Prime Minister Sebastien Lecornu makes his pitch to remain in post to lawmakers in the National Assembly in Paris on Thursday ahead of two confidence votes, both of which ultimately failed.


French Prime Minister Sébastien Lecornu has survived two high-stakes no-confidence votes in the National Assembly, narrowly averting the collapse of his fragile government. The motions, brought separately by the hard-left France Unbowed party and the far-right National Rally, fell short of the 289 votes required to topple his administration.

Lecornu, a close ally of President Emmanuel Macron, secured crucial backing from the Socialist Party after pledging to suspend Macron’s controversial pension reform until after the 2027 presidential election. This concession helped him withstand the first motion, which garnered 271 votes. The second, filed by Marine Le Pen’s National Rally, failed more decisively with only 144 votes in favor.

While the outcome spares Macron from calling risky snap elections, it underscores the deep divisions within France’s lower house. Lecornu now faces the daunting task of steering the 2026 budget through a fractured parliament, a challenge that could prove even more perilous than the no-confidence battles themselves.


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