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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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Maduro Makes First U.S. Court Appearance on Drug Charges

An armored vehicle carrying Venezuelan President Nicolas Maduro and his wife Cilia Flores arrives at Manhattan Federal Court, Monday, Jan. 5, 2026, in New York.

Former Venezuelan leader Nicolás Maduro was brought into a federal courthouse in New York on Monday for his initial appearance on U.S. drug‑trafficking and narco‑terrorism charges, marking a dramatic escalation in the long‑running standoff between Washington and Caracas.

Escorted by federal agents, Maduro and his wife, Cilia Flores, were transferred from a Brooklyn detention center to Manhattan for the brief hearing. The charges—filed years earlier—accuse Maduro of leading a criminal network that funneled large quantities of cocaine into the United States while leveraging state institutions to support armed groups involved in the drug trade.

Maduro has repeatedly denied the allegations. His legal team is expected to challenge the legitimacy of his capture and transfer, arguing that he should be shielded from prosecution as a former head of state.

The proceeding marks the beginning of what could become a lengthy and politically sensitive legal battle. Venezuelan officials still aligned with Maduro have condemned the operation and demanded his release, while U.S. prosecutors prepare for a case with significant geopolitical implications.

A trial date has not yet been set.


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