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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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New Virus Alert: Human Metapneumovirus (HMPV) Spreading from China to the UK

 A new respiratory virus, Human Metapneumovirus (HMPV), has emerged in China, drawing global attention due to its similarities to COVID-19. The virus, which causes symptoms such as cough, fever, and shortness of breath, has now spread to the United Kingdom, raising concerns among health officials.

HMPV is not a newly discovered virus; it was first identified in 2001. However, its recent surge in cases, particularly among children and the elderly, has led to overcrowded hospitals in China. The virus spreads through respiratory secretions and close contact, much like COVID-19.

In the UK, health authorities are closely monitoring the situation and urging the public to take preventive measures, such as frequent handwashing and avoiding close contact with infected individuals. While there is currently no vaccine for HMPV, researchers are working on developing one.

Experts emphasize that although HMPV can cause severe respiratory infections, it is not as deadly as COVID-19, and most people recover with proper care. The World Health Organization (WHO) has not declared a health emergency, but vigilance remains crucial.

As the world continues to grapple with the aftermath of the COVID-19 pandemic, the emergence of HMPV serves as a reminder of the importance of global health preparedness and cooperation.




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