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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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Alberta Premier Smith Faces Boos Over Ottawa Energy Deal at UCP Convention

                                            Alberta Premier Danielle Smith

Alberta Premier Danielle Smith encountered a wave of disapproval from her own party members during the United Conservative Party’s annual convention in Edmonton. The backlash came after Smith highlighted her government’s recent energy deal with Ottawa, a Memorandum of Understanding aimed at advancing pipeline development to the West Coast.

While Smith described the accord as a “clear win” for Alberta, delegates were far less enthusiastic. When she asked whether members felt more confident in Canada following the agreement, the crowd responded with boos. The reaction underscored deep divisions within the party, particularly among separatist-leaning members who view any collaboration with Ottawa as a betrayal of Alberta’s autonomy.

The deal, signed earlier this week with Prime Minister Mark Carney, promises to streamline regulatory hurdles and potentially ease restrictions such as the coastal tanker ban. However, critics within the UCP argue that Alberta conceded too much, with some calling for outright independence from Canada. Jeffrey Rath, a prominent separatist voice, drew a standing ovation when he declared Alberta had received a “raw deal”.

Smith attempted to reassure delegates by emphasizing the economic benefits of the agreement, but the incident highlighted the growing tension between her leadership and grassroots members skeptical of federal cooperation. As the convention continues, Smith faces the challenge of balancing her government’s pragmatic energy strategy with the ideological demands of her party’s base.


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