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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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Air Transat Faces Flight Suspensions Amid Pilot Strike Notice

 


Air Transat has announced it will gradually suspend flights starting Monday following a 72-hour strike notice issued by its pilots’ union. The Air Line Pilots Association (ALPA), representing roughly 700 pilots, delivered the notice after nearly a year of unsuccessful negotiations with the airline’s parent company, Transat A.T. Inc.

Background

  • The union filed the strike notice on Sunday, giving pilots the legal right to walk off the job as early as Wednesday.
  • Last week, pilots voted 99% in favor of strike action, underscoring their frustration over stalled contract talks.
  • ALPA leaders emphasized that pilots do not want to strike but feel compelled to act after management failed to meet demands for a modernized agreement.

Airline Response

  • Air Transat confirmed it will begin suspending flights gradually between December 8 and 9 to prepare for a possible full shutdown.
  • The company stated it is working “around the clock” to reach a deal and minimize disruption for travelers.
  • Customers affected by cancellations will be notified and offered alternative solutions, including rebooking or refunds.

Impact on Travelers

  • The strike notice comes at a critical time, just ahead of the busy holiday travel season.
  • Canadians planning winter vacations may face significant disruptions if no agreement is reached.
  • The airline has urged passengers to check its official strike information page for updates.

What’s Next

Negotiations remain ongoing, but unless progress is made, pilots could officially strike by Wednesday morning, grounding much of Air Transat’s operations. Both sides say they hope to avoid a shutdown, but the situation highlights growing labor tensions in Canada’s airline industry.

In short: Air Transat is bracing for major disruptions as its pilots prepare to strike, forcing the airline to suspend flights in the coming days.

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