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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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Freeland Undeterred Following Meeting with Canadian Tech Leaders Over Capital Gains Tax Changes


Finance Minister Chrystia Freeland recently met with Canadian technology industry leaders in Toronto to discuss the federal government’s recent capital gains tax hikes. These changes have sparked widespread backlash from tech entrepreneurs and investors. During the meeting, Freeland emphasized the government’s belief in the budget and its investments. She defended the capital gains tax increase, stating that the rate set would still be lower than in California or New York City for most individuals. Freeland also highlighted the importance of essential investments supported by the budget.

The Canadian tech sector has expressed strong opposition to these tax adjustments, fearing potential negative impacts on capital availability, talent retention, and overall innovation. Over 1,400 tech leaders have signed an open letter calling for a reversal of the policy. Despite the criticism, Freeland remains undeterred, emphasizing the government’s commitment to its budgetary decisions.

To mitigate the impact of the capital gains hike, the government plans to increase the Lifetime Capital Gains Exemption and introduce the Canadian Entrepreneurs’ Incentive. These measures aim to address concerns raised by the tech sector.

In summary, while the capital gains tax changes have faced criticism, Freeland stands firm in her belief that they are necessary for Canada’s future prosperity. The government’s commitment to essential investments remains at the forefront of its decision-making process.


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