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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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Larry Summers Retreats from Public Life Amid Epstein Email Fallout

 

  Larry Summers, professor at Harvard University, during an interview in New York, on Sept. 17, 2025.


Larry Summers, former U.S. Treasury Secretary and ex-president of Harvard University, announced he will step back from public engagements following the release of thousands of emails linking him to convicted sex offender Jeffrey Epstein. Summers described himself as “deeply ashamed” of his actions, acknowledging the pain caused by his continued communication with Epstein long after the financier’s 2008 conviction.

The House Oversight Committee recently published more than 20,000 documents from Epstein’s estate, including extensive correspondence between Summers and Epstein. The emails revealed that their relationship persisted until at least 2019, just before Epstein’s arrest on sex trafficking charges. In some exchanges, Epstein attempted to connect Summers with influential global figures, while Summers sought advice on personal matters.

Summers issued a statement saying he will continue teaching at Harvard but will pause all public commitments as part of an effort to “rebuild trust and repair relationships with the people closest to me.” His decision comes amid mounting calls from lawmakers and activists for institutions to sever ties with him. Senator Elizabeth Warren has publicly urged Harvard and other organizations to reconsider their association with Summers.

The revelations have intensified scrutiny of Epstein’s extensive network of powerful acquaintances, reigniting debates about accountability and transparency in elite institutions. Summers’ retreat underscores how the fallout from Epstein’s crimes continues to reverberate years after his death, ensnaring figures who maintained ties with him despite his criminal record.

In summary: Summers’ admission of shame and his withdrawal from public life highlight the enduring impact of Epstein’s legacy and the reputational risks for those who remained connected to him.

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