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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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Iran Warns of “Severe” Retaliation Amid Escalating Tensions

            Iran threatens ‘harsh, regrettable’ response to any aggression after claiming full-scale war with the US, Israel.

Iran has issued a sharp warning that any act of aggression against the country will trigger a “harsh” and “regret‑inducing” response, signaling a hardening stance as regional tensions continue to rise. President Masoud Pezeshkian delivered the message publicly, stressing that Iran will not hesitate to defend itself against external threats.

The warning followed renewed statements from U.S. leadership suggesting that Washington would respond forcefully if Iran attempts to rebuild elements of its missile or nuclear programs. Iranian officials quickly pushed back, accusing the United States of escalating rhetoric and attempting to intimidate the country.

Senior advisers in Tehran echoed the president’s remarks, emphasizing that Iran views any military strike or covert action as a direct attack on its sovereignty. The exchange has fueled concerns among analysts who fear that heightened rhetoric on both sides increases the risk of miscalculation.

For now, Iran’s message remains firm: any strike or perceived act of aggression will be met with a powerful and immediate response.


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