Bank of Canada maintains rate at 2.25%, says they ‘will not let higher energy prices become persistent inflation'

The Bank of Canada (BoC) maintained its key overnight rate at 2.25% on Wednesday, as expected, with the bank rate staying at 2.50% and the deposit rate remaining at 2.20%. The BoC said economic activity in Canada has been weak and uncertainty about U.S. trade policy persists, while the conflict in the Middle East is ongoing and oil prices remain elevated, but they reiterated their commitment to prevent higher energy prices from becoming persistent inflation.

Kitco • Jun 10, 2026

Bank of Canada Holds Interest Rates Steady As Officials Grapple With Policy Dilemma

The Bank of Canada left its policy rate unchanged at 2.25%, with Gov. Tiff Macklem saying this marked the best approach to addressing the dual-side risks of a weak economy and higher energy prices.

WSJ • Jun 10, 2026

Canada trade surplus hits 15-month high in April on soaring crude prices

Crude oil prices pushed up by the Iran war helped propel Canada's goods trade surplus in April up by ​55% to a 15-month high of C$2.72 billion ($1.95 billion), Statistics Canada ‌said on Tuesday.

Reuters • Jun 9, 2026

Canada Goods-Trade Surplus Widens in April

Canada's goods-trade surplus with the world widened to the biggest in more than a year as shipments of crude oil and vehicles to the U.S. drove exports to record high.

WSJ • Jun 9, 2026

World Markets Watchlist: June 8, 2026

Our global markets watchlist tracks nine prominent indexes from economies around the world.

ETF Trends • Jun 8, 2026

Canada's surprise jobs surge masks persistent labour market weakness as trade losses linger

Canada's labour market surged in May, with the economy adding 87,800 jobs and the unemployment rate falling to 6.6%, well above analyst expectations and marking the strongest monthly performance since late 2024, according to Bank of America's reading of Statistics Canada's latest Labour Force Survey. The result far exceeded consensus forecasts of 10,000 net new positions, and BofA's own estimate of 7,000.

Proactive Investors • Jun 5, 2026

Canada says AI strategy will help create 250,000 jobs, boost GDP by 3%

Canada unveiled a new artificial intelligence strategy on Thursday that it says will help create 250,000 jobs by 2031 and includes a new ​C$500 million ($360.05 million) tech fund to help homegrown AI ‌firms.

Reuters • Jun 4, 2026

Canadian Government Plans $360 Million Tech Growth Fund in Effort to Drive Sovereign AI Industry

The Canadian Tech Growth Fund will offer flexible capital and investment support, while also providing a platform for Ottawa to at times take equity stakes in the most promising AI firms.

WSJ • Jun 4, 2026

Canada Services Activity Grows Slightly in May

Activity in Canada's services industry picked up slightly last month despite a fall in new business and ongoing economic uncertainty.

WSJ • Jun 3, 2026

FTSE 100 rises as mining stocks rally on stronger metal prices

The UK's blue-chip index advanced on Tuesday, supported by gains in mining-related shares as base metal prices strengthened, while energy stocks came under pressure following a decline in crude oil. Broader sentiment was also influenced by geopolitical developments, including renewed expectations of progress in US–Iran talks.

Invezz • Jun 2, 2026