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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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Caribbean Flights Resume as U.S. Ends Airspace Restrictions After Venezuela Operation

An American Airlines plane arrives at LaGuardia Airport in the Queens borough of New York City.

The United States has lifted emergency airspace restrictions over the Caribbean following a major military operation in Venezuela that resulted in the capture of President Nicolás Maduro. The curbs, which had halted hundreds of commercial flights across the region, expired at midnight Eastern Time, allowing airlines to begin restoring normal service.

U.S. Transportation Secretary Sean Duffy announced that carriers were notified immediately once the restrictions ended, enabling them to update schedules and restart operations. Major airlines—including United, American, and Delta—began preparing flights to Puerto Rico and other Caribbean destinations as early as Saturday night.

The temporary shutdown was triggered by U.S. airstrikes in and around Caracas during a pre‑dawn raid in which special forces seized Maduro and his wife. Both were transported to New York City, where they now face drug‑trafficking and weapons charges.

While flights are resuming, officials cautioned that it may take several days for full schedules to normalize due to the scale of earlier cancellations. International carriers across Europe and South America were also affected by the sudden closure.


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