Skip to main content

Featured

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 ...

article

U.S. Move to Dismiss Asylum Cases Raises Alarms Nationwide

US Border Patrol agents gather and sort migrants who overnight gathered between the primary and secondary border walls that separate Mexico and the United States, in San Diego, California.

The U.S. government has begun a sweeping effort to dismiss thousands of asylum cases, a shift that could significantly alter the country’s immigration system and leave many migrants uncertain about their future. Federal attorneys have reportedly instructed immigration judges to close cases outright, arguing that many applicants can be removed to third countries rather than their home nations.

This approach represents a major escalation in the administration’s broader immigration strategy. Instead of allowing asylum seekers to present their claims in court, government lawyers are pushing for dismissals without hearings, potentially sending individuals to countries with which they have no direct ties.

The effort appears to be unfolding across major immigration hubs, including New York, Miami, Los Angeles, San Francisco, Atlanta, and several Texas cities. With more than two million asylum cases pending nationwide, the policy could dramatically reshape the backlog — and the lives of those waiting for decisions.

Immigrant advocates warn that mass dismissals could undermine due process and place vulnerable people at risk. Meanwhile, federal agencies have not publicly commented on the reported strategy, leaving many questions unanswered.

As the administration signals a tougher immigration posture, thousands of asylum seekers now face an uncertain path forward.


Comments