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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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How to Avoid Breaking the Bank This Holiday Season

The holiday season is a time of joy, celebration and generosity, but it can also be a time of stress, anxiety and debt. If you are worried about overspending and ruining your budget, here are some tips on how to avoid breaking the bank this holiday season.

1. Set a realistic budget and stick to it. Before you start shopping, make a list of all the expenses you expect to have, such as gifts, food, travel, decorations and entertainment. Then, allocate a specific amount of money for each category and track your spending as you go. Try not to use credit cards or loans to cover your expenses, as they will only increase your debt and interest payments.

2. Shop smart and compare prices. Don't buy the first thing you see or fall for impulse purchases. Do some research online and compare prices from different stores and websites. Look for discounts, coupons, sales and free shipping offers. You can also use apps and tools that help you find the best deals and save money.

3. Be creative and make your own gifts. Homemade gifts are not only cheaper, but also more personal and meaningful. You can use your skills and talents to create something unique and special for your loved ones, such as baked goods, crafts, art, jewelry, photos or videos. You can also offer your time and services as a gift, such as babysitting, cooking, cleaning or tutoring.

4. Plan ahead and avoid last-minute shopping. Last-minute shopping can lead to stress, panic and overspending. To avoid this, start planning and shopping early, preferably before December. This way, you will have more time to find the best deals, avoid crowds and shipping delays, and enjoy the holiday spirit.

5. Remember the true meaning of the holiday season. The holiday season is not about how much money you spend or how many gifts you give or receive. It is about spending quality time with your family and friends, expressing your gratitude and appreciation, and celebrating your traditions and values. Don't let the pressure of consumerism ruin your happiness and peace of mind.

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