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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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Trump Picks John Breslow as Next U.S. Ambassador to Cyprus

 

                                            United States President Donald Trump

United States President Donald Trump has nominated John Breslow, a businessman and former Nebraska state auditor, to serve as the next U.S. ambassador to Cyprus. Breslow, originally from Arizona, will need Senate confirmation before officially assuming the post in Nicosia .

If confirmed, Breslow will succeed Julie Davis, who left Cyprus in May to become the U.S. chargé d’affaires in Ukraine. Davis had served in Nicosia since February 2023 and continued to represent the embassy at public events even after her reassignment.

Breslow brings both political and business experience to the role. He previously owned Linweld, an industrial gas and welding supply company, and served two terms as Nebraska’s state auditor. He has also been active in philanthropy and Republican Party politics.

The nomination underscores Washington’s ongoing engagement with Cyprus, a strategically important partner in the Eastern Mediterranean. The Senate will now review Breslow’s candidacy, with a committee hearing and majority vote required before he can officially take up the ambassadorship.


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