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Bank of Canada Rate Decision Tomorrow: What Every Canadian Needs to Know Before June 10

Current Rate 2.25% Held since Oct 2025 Expected Decision HOLD 34/34 economists Announcement 9:45 AM Wed, June 10 (ET) Prime Rate 4.45% Most major lenders On Wednesday morning, June 10, the Bank of Canada will announce its interest rate decision at 9:45 AM ET — and for Canadians with a mortgage, a variable-rate loan, or a renewal coming up, the decision is just two days away. Governor Tiff Macklem will follow with a press conference at 10:30 AM. The short answer: expect no change. But the full picture is considerably more complicated — and the Bank's tone tomorrow could signal whether rate hikes are quietly creeping back onto the table. The Consensus: A Hold, Full Stop The economist community is remarkably united heading into this decision. In a Reuters poll conducted June 2–5, all 34 economists surveyed predicted the Bank would leave its overnight rate at 2.25%. More than 80% said it would stay there for the rest of 2026. "Under normal circumstances, today's sagging econom...
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Uncertainty Clouds Ukraine Peace Efforts After Kremlin Talks

Russia's President Vladimir Putin attends a meeting with U.S. special envoy Steve Witkoff and President Donald Trump's son-in-law Jared Kushner (both not pictured) at the Kremlin in Moscow on Dec. 2, 2025. 

The future of peace negotiations over the war in Ukraine remains uncertain following recent discussions in Moscow. President Donald Trump, speaking after a meeting with Kremlin officials, acknowledged that progress toward a settlement is far from clear.

Trump noted that while dialogue continues, significant differences persist between Russia and Ukraine, particularly regarding territorial claims and security guarantees. He emphasized that the path forward will require sustained diplomatic engagement but admitted that no breakthrough was achieved during the talks.

International observers have expressed concern that the lack of clarity could prolong the conflict, with humanitarian and economic consequences continuing to mount. Analysts suggest that upcoming negotiations will be critical in determining whether a framework for peace can be established or if hostilities will intensify further.


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