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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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South Africa Launches Investigation into Citizens Trapped as Mercenaries in Ukraine

The men were lured into fighting under the pretext of lucrative employment contracts, a statement issued by South Africa's presidency said. All are between the ages of 20 and 39 and are trapped in Ukraine's Donbas region.

South Africa has announced a formal investigation into how 17 of its citizens were recruited to fight as mercenaries in the Russia-Ukraine conflict. The men, aged between 20 and 39, reportedly traveled under the false promise of lucrative employment contracts but instead found themselves trapped in the war-torn Donbas region.

President Cyril Ramaphosa ordered the probe after the men issued distress calls for help to return home, highlighting the growing concern over international recruitment schemes targeting vulnerable populations. It remains unclear which side the men were fighting for, but officials confirmed that diplomatic efforts are underway to secure their safe return.

South Africa has strict laws against mercenary activity, with legislation dating back to 1998 that criminalizes citizens fighting on behalf of foreign governments or armed groups. The case underscores the risks posed by online and social media campaigns that lure individuals into conflict zones under deceptive pretenses. Reports also suggest that similar tactics have been used to recruit women into Russian drone factories, disguised as hospitality or catering jobs.

The government’s investigation will focus on the circumstances of recruitment, the networks involved, and potential violations of South African law. Officials have urged citizens to avoid involvement in foreign conflicts, warning that such activities not only endanger lives but also carry serious legal consequences.

This development highlights the global dimension of the Russia-Ukraine war, where mercenary forces from multiple countries have been drawn into the fighting. For South Africa, the priority now is to bring its citizens home safely while addressing the broader issue of exploitation through fraudulent recruitment schemes.


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