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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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Ontario’s Plan to Scrap School Trustees Sparks Fears of Silencing Parents

The Ontario government this year announced it would take over four school boards, a move that critics say could mean parents will have less input in their children’s education.

Ontario’s proposal to eliminate elected school trustees has ignited a wave of criticism from parents, educators, and community leaders who argue the move could weaken local voices in education.

Education Minister Paul Calandra has confirmed that the province is preparing a plan to phase out trustees, citing financial mismanagement and inefficiencies within school boards. He argues that removing trustees will streamline governance and direct more resources into classrooms.

But critics say the change amounts to a political power grab that strips families of their closest advocates. Trustees, they note, serve as a vital link between parents and the education system, ensuring local concerns are heard at the decision-making table. Without them, decisions would be centralized at Queen’s Park, leaving parents with fewer avenues to raise issues about their children’s schools.

Surveys suggest most Ontarians are skeptical of the government’s approach, with many pointing to chronic underfunding—not trustees—as the real challenge facing classrooms. Teachers’ unions and parent groups warn that eliminating trustees could erode accountability and transparency, while doing little to address overcrowded classrooms, staffing shortages, or aging infrastructure.

As the province moves forward with its plan, the debate underscores a deeper question: should education governance prioritize efficiency from the top down, or accountability from the ground up?


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