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5 Things to Know Today – June 12, 2026

F rom the Bank of Canada's fifth straight hold to Trump throwing a wrench into CUSMA talks — here's what every Canadian needs on their radar today. Thing #1 Bank of Canada Holds at 2.25% — But Two-Way Risk Is Now on the Table The Bank of Canada kept its overnight rate at 2.25% on June 10 — the fifth consecutive hold — as Governor Tiff Macklem tried to balance two competing threats: sticky energy-driven inflation from Middle East conflict and an economy that's clearly struggling to grow. What made this hold different is Macklem's explicit warning that the next move could go either way — a cut if U.S. tariffs weigh harder on growth, or a hike if oil-price inflation becomes entrenched. The prime rate at major lenders stays at 4.45%. The next decision is July 15, 2026. Bottom line: If you have a variable-rate mortgage or a line of credit, don't expect relief soon — and don't rule out a hike either. Now is a good time to stress-test your budget against both scenari...
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Federal Officials Ignored Auditor’s Call to Report Suspicious $160-Million Contract to RCMP


Federal officials have reportedly ignored calls from an auditor to refer a suspicious $160-million contract to the RCMP for investigation. The auditor, who was involved in a federal program prioritizing Indigenous companies, produced a report alleging that a large nurse staffing agency exploited its Indigenous partner and submitted fraudulent documents. Despite the auditor's substantial evidence and recommendation to involve the RCMP, federal officials chose not to act, citing concerns about potential troubles.

The contract in question was an eight-year agreement to deliver nursing services in remote Indigenous communities. The auditor's findings led to the removal of the joint venture from the Indigenous Business Directory managed by Indigenous Services Canada.

This case highlights ongoing issues within federal procurement practices and raises questions about accountability and transparency in handling allegations of fraud.



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