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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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BC Conservatives in Turmoil as Rustad Defies Ouster

 

            John Rustad addresses media on Oct. 29, 2024, the day after losing the provincial election.

The British Columbia Conservative Party is facing a dramatic internal crisis after announcing that leader John Rustad has been removed from his position. Despite the party’s declaration, Rustad has flatly refused to step aside, insisting he remains the legitimate leader.

On Wednesday, 20 of the party’s 39 MLAs signed a letter declaring they had lost confidence in Rustad’s leadership, triggering a motion by the party’s board to certify him as “professionally incapacitated” and appoint Surrey-White Rock MLA Trevor Halford as interim leader. Party president Aisha Estey confirmed the authenticity of the caucus revolt, which was delivered through legal counsel.

Rustad, however, rejected the move both publicly and on social media, stating: “I have not resigned, I have not been removed, and I am not going anywhere.” He argued that the process used to oust him was flawed and claimed there is no mechanism for MLAs to force him out.

Political analysts warn that Rustad’s refusal to step down could render the party “ungovernable”, as the split between Rustad loyalists and the majority of caucus members deepens. The standoff comes just over a year after the Conservatives surged to Official Opposition status in the provincial legislature, positioning themselves as a major force against the governing NDP.

The dispute leaves the party in a precarious position, with questions about who truly holds authority and whether the Conservatives can maintain unity heading into future legislative battles. For now, the BC Conservatives are caught in a leadership limbo, with Rustad clinging to power while much of his caucus insists his time is over.

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