Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

U.S. Confirms Strike on Venezuelan Dock Amid Anti‑Drug Campaign

A US Air Force Boeing C-5 Galaxy is parked at José Aponte de la Torre airport in Ceiba, Puerto Rico, as US President Donald Trump sends fighter jets to the Caribbean island as part of his war on drug cartels.



The United States has carried out a strike on a dockside facility in Venezuela that President Donald Trump says was used to load boats involved in drug trafficking. Speaking to reporters in Florida, Trump described a “major explosion” at the site, calling it a key point where vessels “load up with drugs” before departing the country.

The president first referenced the operation during a radio interview days earlier, suggesting the strike occurred two nights prior. While Trump emphasized that the U.S. “hit them very hard,” he declined to specify whether the attack was conducted by the military or intelligence services, nor did he identify the exact location of the facility.

If confirmed, the strike would mark the first known U.S. land operation in Venezuela since Washington intensified its pressure campaign on President Nicolás Maduro’s government. The action follows a series of U.S. strikes on alleged drug‑smuggling boats in the Caribbean and eastern Pacific in recent months.

Venezuelan authorities have not publicly confirmed the incident, and U.S. officials have released no additional details. The lack of clarity leaves open questions about the scope of the operation and its implications for already strained U.S.–Venezuela relations.


Labels:

Comments

Post a Comment