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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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Postal Workers Slam Canada Post’s New Offer as “Steps Backward”

Canada Post is submitting an updated offer to the union representing 55,000 postal workers who walked off the job last week.

Canada Post’s latest contract proposals have sparked outrage from the Canadian Union of Postal Workers (CUPW), which says the new terms are “worse” than those previously rejected.

The Crown corporation unveiled updated offers on October 3, 2025, aimed at ending the ongoing national strike. The proposals include a 13.59% wage increase over four years, continued health and retirement benefits, and up to seven weeks of vacation. However, Canada Post has removed a signing bonus of $500 to $1,000 per employee, citing its worsening financial situation.

Union leaders argue the new package represents a regression rather than progress. “We waited 45 days for offers that are worse than what we rejected in August,” CUPW said in a statement, accusing Canada Post of “wasting even more time.” The union has been pushing for a 19% raise over four years, along with stronger job security measures.

The dispute comes as the federal government pressures Canada Post to modernize operations, including reducing home delivery and expanding community mailboxes. With both sides entrenched, the strike continues to disrupt mail and parcel services nationwide.


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