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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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Deadly Russian Strikes Plunge Ukraine Into Winter Blackouts

                                        Kyiv neighbourhood plunged into darkness after latest Russian attacks.

A large-scale Russian air assault on Ukraine has left three people dead and triggered widespread power outages across multiple regions. The overnight attack involved waves of drones and missiles aimed at both residential areas and critical energy infrastructure, intensifying pressure on the country as winter temperatures continue to fall.

Authorities reported that strikes hit at least a dozen regions, damaging homes and forcing emergency shutdowns across parts of the national grid. Among the victims was a young child, killed when debris from a downed drone struck a residential neighborhood.

The bombardment also prompted neighboring Poland to activate military aircraft as projectiles approached its airspace, underscoring the broader regional risks posed by the conflict.

Ukrainian officials condemned the attack as a deliberate attempt to destabilize civilian life during the holiday season, while emergency crews worked through the morning to restore electricity and repair damaged infrastructure.


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