💰 1. Bank of Canada Expected to Hold Interest Rates Amid Economic Uncertainty
The Bank of Canada is anticipated to maintain its benchmark interest rate at 2.75% during this week’s policy meeting, following stronger-than-expected GDP growth of 2.2% in Q1. This growth was largely driven by a surge in exports ahead of impending U.S. tariffs. However, economists predict at least two more rate cuts later this year as domestic demand weakens and inflation remains near the upper end of the Bank’s target range. Reuters
🔥 2. Wildfires Continue to Ravage Canada, Prompting Mass Evacuations
Wildfires across Manitoba, Saskatchewan, and Alberta have forced over 26,900 residents to evacuate, with approximately 1.58 million hectares burned to date. The Canadian Interagency Forest Fire Centre has raised the National Preparedness Level to its highest, indicating full mobilization of firefighting resources. Smoke from these fires is affecting air quality in several U.S. states. Wikipedia
🇮🇳 3. Prime Minister Modi Unlikely to Attend G7 Summit in Canada
Indian Prime Minister Narendra Modi is expected to skip the upcoming G7 summit in Kananaskis, Alberta, marking his first absence since 2019. The decision comes amid diplomatic tensions, with Canada not formally extending an invitation and ongoing uncertainties regarding the Canadian government’s stance on India’s concerns about Khalistan separatist activities. Babushahi
🏒 4. London Knights Clinch 2025 Memorial Cup Title
The London Knights secured their third Memorial Cup title by defeating the Medicine Hat Tigers 4–1 in the final held in Rimouski, Quebec. Easton Cowan was named the tournament’s Most Outstanding Player, while goaltender Austin Elliott received the Best Goaltender award. Wikipedia
🎤 5. Avril Lavigne’s Greatest Hits Tour Nears Conclusion
Canadian pop-punk icon Avril Lavigne is set to conclude her “Greatest Hits Tour” on June 29 in Oro-Medonte, Ontario. The tour, which began in May 2024, has featured performances across North America and Europe, celebrating Lavigne’s two-decade-long music career. Wikipedia
