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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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Hamas Tightens Grip on Gaza Amid Stalled Peace Efforts

 

                    People gather and shop at a local market, in Nuseirat, central Gaza Strip, November 13, 2025.

In the weeks following the latest ceasefire, Hamas has moved swiftly to reassert its authority across Gaza, filling the vacuum left by Israel’s withdrawal. Reports indicate that the group has carried out executions of Palestinians accused of collaborating with Israel or engaging in criminal activity, underscoring its determination to maintain dominance.

Beyond security measures, Hamas has expanded its influence into daily life. The group is regulating food prices, levying fees on cigarettes, and monitoring goods entering Gaza, signaling a return to its pre-war governance style. Residents say these actions highlight Hamas’ intent to remain the central power, despite international calls for the group to disarm and step aside.

Meanwhile, post-war negotiations remain deadlocked. Foreign powers—including the United States, Egypt, Qatar, and Indonesia—are debating the formation of a multinational stabilization force to oversee Gaza’s transition. Indonesia has already trained thousands of troops for humanitarian and infrastructure roles, but deployment plans remain uncertain.

The lack of consensus on who should govern Gaza complicates efforts to move forward. While some factions push for the Palestinian Authority to take control, others doubt its ability to manage the enclave effectively. This uncertainty leaves Gazans caught between Hamas’ tightening grip and the slow pace of international diplomacy, raising questions about whether meaningful change is possible in the near future.


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