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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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Mandla Mandela Returns Home After Israeli Detention Over Gaza Aid Mission

Mandla Mandela, who returned home with four other South Africans, said he and the group he was with were held in an Israeli prison for six days before being released via Jordan.

Mandla Mandela, grandson of the late anti-apartheid icon Nelson Mandela, has returned to South Africa after being detained and deported by Israeli authorities. He was part of the Global Sumud Flotilla, a humanitarian mission attempting to deliver aid to Gaza, which was intercepted at sea.

Mandela, along with four other South Africans, spent six days in an Israeli prison before being released via Jordan. Speaking at O.R. Tambo International Airport, where he was welcomed by supporters waving Palestinian flags, Mandela described being handcuffed with cable ties and paraded before being deported.

Despite the ordeal, he emphasized that his experience was minor compared to the daily suffering of Palestinians under blockade. “It’s nothing compared to what Palestinians have been subjected to on a daily basis,” he said.

The South African government has condemned Israel’s actions, calling the interception of the flotilla a violation of international law. The mission drew global attention, with activists from around 40 countries—including Swedish climate activist Greta Thunberg—detained and later deported.

Mandela vowed that the struggle for Palestinian freedom would continue, echoing his grandfather’s legacy of resistance against oppression.



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