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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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UN Slashes 2026 Aid Appeal Amid Rising Global Crises

 

FILE PHOTO: A Palestinian girl gestures as she waits to receive food from a charity kitchen, amid a hunger crisis, in Khan Younis, southern Gaza Strip.


The United Nations has announced a sharp reduction in its humanitarian aid appeal for 2026, despite acknowledging that global needs are at an all-time high. The organization is seeking $23 billion, roughly half of what it had hoped for, after donor funding plunged to its lowest level in a decade.

According to UN officials, this cutback means tens of millions of vulnerable people will be left without assistance, as the agency is forced to prioritize only the most desperate cases. The appeal is part of the Global Humanitarian Overview 2026, which originally aimed to reach 135 million people across 50 countries. However, with reduced funding, the UN now expects to provide lifesaving support to just 87 million.

UN aid chief Tom Fletcher described the situation as one of “brutal choices,” noting that humanitarian agencies are overstretched, underfunded, and increasingly under attack in conflict zones. The funding crisis comes at a time when wars, climate disasters, epidemics, and food shortages are intensifying worldwide. In Sudan, for example, the world’s largest displacement crisis continues, while Gaza and Syria face worsening hunger and health emergencies.

The shortfall reflects a broader decline in donor contributions, particularly from Western governments, which provided only $15 billion in 2025, the lowest in ten years. Aid workers warn that the cuts will exacerbate already dire conditions, leaving millions without food, healthcare, or protection.

The UN’s reduced appeal underscores the growing gap between humanitarian needs and available resources. As Fletcher put it, the agency must now focus “life by life,” delivering aid where survival is most at risk.


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