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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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Storm Goretti Slams Northern Europe, Leaving Thousands Without Power

 

                                            Storm Goretti hits Walsall, UK


Storm Goretti swept across northern Europe on Friday, unleashing destructive winds, heavy snowfall, and bitter cold that caused widespread power outages and brought major transport routes to a halt. The storm carved a path from the UK across France and into Germany, prompting top‑tier weather warnings and large‑scale emergency responses.

In France, hundreds of thousands of homes were left without electricity as hurricane‑force gusts battered coastal regions. Britain faced similar turmoil, with tens of thousands of households still in the dark and rail services suspended in the southwest under the highest wind alert issued by national forecasters.

Air travel was heavily disrupted, with dozens of flights cancelled at major airports and delays spreading across the continent. Schools in parts of Scotland and northern France closed as crews worked to clear snow‑choked roads and restore essential services.

Authorities urged residents to stay indoors, warning that a combination of fierce winds, deep snow, and freezing temperatures would continue to make travel dangerous. As Storm Goretti pushes farther east, emergency teams remain on high alert for further disruption.


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