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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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Fatal Fire Claims Life at North York Retirement Residence

                The fire started around 10:20 p.m. on Sunday at a residence on Finch Avenue West.

A man has died following a fire that broke out inside a North York retirement home late Sunday evening. Emergency crews were called to the residence after reports of smoke and flames coming from one of the units. Firefighters were able to contain the blaze quickly, but one male resident was found unresponsive inside.

Paramedics attempted life‑saving measures, but the man was pronounced dead at the scene. Other residents were safely evacuated, and no additional injuries were reported.

Investigators are now working to determine the cause of the fire. Officials say there is no immediate threat to the public, and the building has since been deemed safe for residents to return to unaffected areas.

The victim’s identity has not yet been released as authorities notify next of kin.


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