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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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Israeli Forces Detain 100 Suspected Hamas Militants in Gaza Hospital Raid

 

In a significant military operation, Israeli troops captured around 100 suspected Hamas militants during a raid at Kamal Adwan hospital in northern Gaza, the military announced on Monday. The raid, which took place over the weekend, has been met with conflicting reports from Gaza health officials and Hamas, who deny any militant presence at the hospital.

The Israeli military stated that the operation was aimed at dismantling a Hamas stronghold within the hospital. “The soldiers apprehended approximately 100 terrorists from the compound, including those who attempted to escape during the evacuation of civilians,” a military spokesperson said. The troops reportedly found weapons, terror funds, and intelligence documents inside the hospital.

Gaza’s health ministry, however, has accused the Israeli forces of detaining dozens of male medical staff and causing significant damage to the hospital, which was already struggling due to ongoing raids in the area. Footage released by the health ministry showed extensive damage to several buildings, though this has not been independently verified.

The raid has intensified the already dire humanitarian situation in northern Gaza, where thousands of civilians are trapped amid ongoing military operations. The Israeli military has urged civilians to evacuate the area, but many have been unable to leave due to the continuous fighting.

This operation is part of a broader Israeli offensive aimed at rooting out Hamas militants following a series of deadly attacks. The conflict has resulted in significant casualties on both sides, with international calls for a ceasefire growing louder.


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