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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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Guardians Pitcher Luis Ortiz Released on Bond Amid Betting Scandal

 

Cleveland Guardians baseball pitcher Luis Ortiz, center, departs Federal Court following a hearing, Monday, Nov. 10, 2025, in Boston.                


Cleveland Guardians pitcher Luis Ortiz made his first federal court appearance in Boston on Monday after being indicted on charges that he accepted bribes to manipulate pitches during Major League Baseball games. Prosecutors allege Ortiz, along with teammate Emmanuel Clase, conspired with associates in the Dominican Republic to rig prop bets by deliberately throwing certain types of pitches, such as balls in the dirt instead of strikes.

U.S. Magistrate Judge Donald Cabell granted Ortiz’s release under strict conditions. He must surrender his passport, restrict his travel to the Northeast, and post a $500,000 bond—with $50,000 secured. Ortiz was also ordered to avoid contact with potential witnesses, victims, or co-defendants in the case.

The indictment charges Ortiz and Clase with wire fraud conspiracy, honest services wire fraud conspiracy, conspiracy to influence sporting contests by bribery, and money laundering conspiracy. Federal investigators claim the pitchers coordinated with bettors in advance, providing inside information on how they would pitch so wagers could be placed accordingly.

Ortiz, dressed in a pale green track suit, remained silent during the brief hearing, while his attorneys declined to comment afterward. Clase, meanwhile, has not yet appeared in court.

The scandal has sent shockwaves through Major League Baseball, which has long grappled with gambling controversies dating back to the infamous 1919 Black Sox scandal and Pete Rose’s betting admissions decades later. In response, MLB and sportsbooks have already begun capping wagers on individual pitches to prevent similar manipulation.

Ortiz is expected to face further proceedings in New York, where the indictment was filed. If convicted, the charges could carry significant prison time and permanently tarnish his career.

In short: Luis Ortiz’s court appearance marks the beginning of a high-profile case that could reshape MLB’s relationship with legalized sports betting.

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