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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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Winter Blast: Freezing Rain and Blowing Snow Sweep Across Eastern Canada

Shoppers walk through a snow storm as they exit Eaton Centre on Boxing Day in Toronto, on Friday, Dec. 26, 2025.

A powerful winter storm is sweeping across Eastern Canada, delivering a hazardous mix of freezing rain, blowing snow, and strong winds from Ontario to Atlantic Canada. Weather alerts remain in effect as the system disrupts travel and threatens power outages across multiple provinces.

Ontario is experiencing some of the most intense conditions, with freezing rain coating surfaces in the Ottawa region and heavy snowfall blanketing communities farther north. Areas around Timmins are facing significant accumulations, while strong winds are creating whiteout conditions in open regions.

Quebec is also bracing for widespread impacts, with heavy snow expected north of Montreal and gusty winds reducing visibility along major highways. In Atlantic Canada, freezing rain warnings stretch across New Brunswick, Nova Scotia, and Prince Edward Island as the storm pushes eastward.

The system marks another round of turbulent winter weather for the region, prompting officials to urge residents to avoid unnecessary travel and prepare for potential disruptions as ice and snow continue to build.


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