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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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Israel Claims Major Strike on Hamas Militants in Gaza Tunnels

 

Israeli soldiers walk through what Israel's military says is an iron-girded tunnel designed by Hamas to disgorge carloads of Palestinian fighters for a surprise storming of the border.


Israel announced that its forces killed approximately 40 Hamas militants who had been trapped in tunnels beneath Rafah in southern Gaza. According to the Israeli military, the operation targeted fighters who had been hiding underground for months, with some attempting to emerge and engage in clashes before being killed.

Officials stated that around 200 militants were initially trapped in the tunnel network, though some surrendered or were eliminated in earlier confrontations. Among those killed were three local Hamas commanders and the son of a senior Hamas leader, Ghazi Hamad.

The tunnels in Rafah have long been a focal point of Israel’s military campaign, as they serve as critical infrastructure for Hamas operations. Israeli forces have concentrated efforts on dismantling these underground routes, aiming to weaken Hamas’ ability to regroup and launch attacks.

Attempts by international mediators, including U.S. officials, to negotiate a deal for the militants to lay down arms in exchange for safe passage have so far failed. Washington described the situation as a test case for broader efforts to disarm Hamas across Gaza.

The Israeli military emphasized that the operation was part of its ongoing campaign to eliminate Hamas’ underground strongholds. Meanwhile, Hamas sources confirmed some of the casualties but have not issued a full statement on the incident.

This development underscores the fragile state of ceasefire negotiations and highlights the continuing volatility in southern Gaza, where tunnel warfare remains a deadly and decisive element of the conflict.

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