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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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Hong Kong Launches Judge-Led Probe After Deadly Tai Po Fire Claims 156 Lives

People praying as they pay their respects to the victims of the deadly fire at a makeshift memorial next to the Wang Fuk Court housing complex, in Tai Po. 

Hong Kong has ordered a judge-led inquiry into the city’s deadliest fire in decades, which killed at least 156 people at the Wang Fuk Court residential complex in Tai Po. The blaze, which tore through the densely populated housing estate last week, has shaken the city and raised urgent questions about building safety and oversight.

Chief Executive John Lee announced that the committee will investigate the cause of the inferno and examine whether renovation practices and government oversight contributed to the tragedy. Authorities suspect that construction materials and renovation work may have intensified the flames, trapping residents inside the towers.

Police have already arrested more than a dozen individuals on suspicion of manslaughter and corruption, as part of parallel criminal and anti-graft investigations. It remains unclear whether some suspects face charges in both cases.

The fire, described as the worst in Hong Kong since 1948, has prompted widespread grief. Residents and mourners have gathered at makeshift memorials near the site, laying flowers and offering prayers for the victims.

The inquiry is expected to deliver recommendations aimed at preventing similar disasters in the future, while also addressing long-standing concerns about building safety standards in one of the world’s most densely populated cities.


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