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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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Air Transat Secures Tentative Deal, Pilots’ Strike Averted


Air Transat has reached a last-minute tentative agreement with the union representing its pilots, successfully averting a strike that was set to begin within hours. The deal lifts the immediate threat of disruption and allows the airline to resume normal operations during the busy holiday travel season.

The agreement comes after months of tense negotiations between Transat A.T. Inc. and the Air Line Pilots Association (ALPA), which represents more than 700 pilots. Earlier this week, the union had issued a 72-hour strike notice, prompting the airline to cancel flights and prepare for a gradual shutdown of operations.

While details of the tentative deal have not been disclosed, both sides confirmed that the proposal will be submitted to union members for ratification in the coming days. Captain Bradley Small, chair of the ALPA Master Executive Council, said the pilots’ unity and resolve finally brought management to the table for meaningful negotiations.

For passengers, the announcement brings relief after days of uncertainty. Air Transat’s CEO Annick Guérard acknowledged the disruption caused by the looming strike and apologized to customers whose travel plans were affected. She emphasized that the company is now focused on restoring operations and ramping up flights to popular destinations.

The tentative deal marks an important milestone in the bargaining process, but the outcome ultimately depends on the pilots’ vote. If ratified, the agreement will end nearly a year of stalled negotiations and ensure stability for the airline’s workforce and travelers alike.

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