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5 Things to Know Today — June 11, 2026

  The Bank of Canada confirmed its fifth straight rate hold yesterday, oil slipped back toward $89 a barrel after fresh U.S. strikes on Iran, and Canada Post workers officially have a new contract. Here is what every Canadian needs to know heading into Wednesday. 1 of 5 — Interest Rates Bank of Canada holds at 2.25% — for the fifth time in a row The Bank of Canada kept its benchmark interest rate unchanged at 2.25% on June 10, marking five consecutive holds since late 2025. Governor Tiff Macklem said the central bank is trying to balance two opposing forces: inflation pushed higher by elevated energy costs from the Middle East war, and an economy that has barely grown in recent quarters. "Economic weakness combined with rising inflation is a dilemma for monetary policy," Macklem told reporters, adding that holding the rate "balances those risks" for now. What it means for you: Variable-rate mortgage holders and borrowers with lines of credit get another month of pa...
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Six Smart Financial Decisions to Make in 2024

 

The year 2024 is a great time to start making smart financial decisions. Here are six tips to help you get started:

  1. Track your money: Write down all your expenses in one place so you can see exactly how much money goes in and out of your current account each month. This will help you identify areas where you can cut back on spending and save more money.

  2. Set a budget: Once you have a view of the money you earn and the money you spend, you can start to set a budget. Make sure you are covering all your essentials and then set monthly amounts for non-essential items. Making small, frequent changes can make a big difference.

  3. Create an emergency fund: You never know when you might need some extra cash, so it’s best to have some money saved up for emergencies. Generally, it’s recommended that you have enough savings to cover six months’ worth of expenses, but having any sort of savings is a good start.

  4. Manage debt: If you have any outstanding debts, make sure you are paying them off as quickly as possible. High-interest debts like credit card balances can quickly spiral out of control if you don’t keep them in check.

  5. Invest in your future: Consider investing in stocks, bonds, or other assets that can help you build wealth over time. If you’re not sure where to start, consider speaking with a financial advisor.

  6. Stay informed: Keep up-to-date with the latest financial news and trends. This will help you make informed decisions about your money and stay ahead of the curve.

Remember, making smart financial decisions is a journey, not a destination. By following these tips, you can set yourself up for a financially secure future.


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