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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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B.C. Faces Renewed Flood Threat Amid Ongoing Cleanup

                    A man paddles down floodwaters along Highway 1 in Abbotsford, B.C., on Friday, Dec. 12, 2025.


As British Columbia works to recover from devastating floods, residents are bracing for yet another round of heavy rainfall. Environment Canada has issued warnings of up to 70 millimetres of rain across Metro Vancouver and the Fraser Valley, raising concerns that swollen rivers and saturated ground could trigger further flooding and landslides.

Cleanup efforts began earlier this week in the Fraser Valley after floodwaters from Washington’s Nooksack River receded. Communities such as Abbotsford have started clearing debris and reopening businesses, but the threat remains high as rivers across southern B.C. continue to run dangerously full.

Emergency Management Minister Kelly Greene cautioned residents to avoid riverbanks and unstable ground, noting that additional rainfall could worsen conditions. “The ground is saturated in many areas, and the rivers are full,” Greene said. “More rain increases the potential for flooding and landslides.”

Highways have also been impacted, with closures reported on Highway 1 through Abbotsford and Highway 3 near Hope due to debris and flooding. These disruptions have complicated recovery efforts and highlighted the vulnerability of critical infrastructure during extreme weather events.

The latest storm is part of a relentless series of atmospheric rivers that have battered the province this season, leaving communities struggling to balance immediate cleanup with preparations for more rain. Officials continue to urge caution, emphasizing that while water levels have dropped in some areas, the risk of flooding remains elevated across the south coast.

For residents, the situation is a difficult balancing act: repairing homes and businesses while staying alert to the possibility of renewed evacuations. As B.C. braces for more rain, the resilience of its communities will once again be tested.

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