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Lock In or Wait? Why Two Big Banks Say Rates Are Going Up in October

  Published September 2, 2026 The Bank of Canada did exactly what all 35 economists in Reuters' latest poll expected today: it held its overnight rate at 2.25% for a sixth straight decision, keeping the prime rate at 4.45%. Bond markets had priced in barely a 3% chance of anything else. What's not settled is what happens next — and on that question, Canada's biggest banks are more split than they've been all year. Four of the Big Six expect the Bank to sit tight through the end of 2026. Two expect it to start hiking as soon as October. If you're renewing a mortgage in the next few months, that gap isn't academic — it's the difference between locking in now and gambling on a rate cycle turning against you. The Split, Bank by Bank Here's where the six largest banks stand on where the overnight rate lands by the end of 2026: Bank Year-end 2026 call Stance BMO 2.25% (hold) Hold camp CIBC 2.25% (hold) Hold camp RBC 2.25% (hold) Hold camp TD 2.25% (hold) Hold...

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10 Smart Grocery Shopping Hacks to Combat Inflation

10 Smart Grocery Shopping Hacks to Combat Inflation

1. Plan Your Meals and Make a List:

Creating a weekly meal plan and shopping list can significantly reduce impulsive purchases and ensure you only buy what you need. By knowing what ingredients you require, you'll avoid wasting money on items that might go unused or spoil before they can be consumed.


2. Shop with Coupons and Discounts:

Look out for coupons and discounts in newspapers, mobile apps, and online platforms. Many stores offer loyalty programs or reward cards that provide exclusive discounts to regular customers. Utilize these deals to save on your grocery bills.


3. Buy in Bulk for Non-Perishable Items:

For items with a long shelf life, such as canned goods, grains, and toiletries, consider buying in bulk. Purchasing larger quantities can often result in substantial savings per unit, lowering your overall grocery expenses.


4. Compare Prices and Brands:

Be a smart shopper by comparing prices and brands. Sometimes, store brands can be just as good as their more expensive counterparts. Additionally, exploring different stores for the best deals can help you find the most budget-friendly options.


woman holding cash in grocery store

5. Shop Seasonal and Local Produce:

Seasonal and locally sourced produce tends to be fresher and cheaper than items imported from afar. By choosing local options, you support the community and save on transportation costs, contributing to lower grocery expenses.


6. Opt for Frozen and Canned Fruits and Vegetables:

While fresh produce is desirable, frozen and canned alternatives are often more affordable and have a longer shelf life. These options are just as nutritious and can be incorporated into various recipes.


7. Avoid Shopping on an Empty Stomach:

Shopping while hungry can lead to impulsive and unnecessary purchases. Eat a light meal or snack before heading to the grocery store to maintain better control over your spending.


8. Join Wholesale Clubs:

Consider becoming a member of wholesale clubs, where you can find products in larger quantities at discounted prices. Splitting the cost and items with family or friends can help you save even more.


9. Embrace Meat Alternatives:

Meat can be a significant portion of your grocery bill. Experiment with plant-based protein options, such as legumes, tofu, or seitan, which are often more budget-friendly without compromising on nutrition.


10. Use Cashback Apps and Reward Programs:

Take advantage of cashback apps and reward programs that offer rebates or points for grocery purchases. Accumulate these rewards and use them to save on future grocery trips.




As inflation continues to impact our daily lives in 2023, employing these grocery shopping hacks can make a substantial difference in reducing your expenses. By planning ahead, being resourceful, and staying mindful of your purchases, you can weather the high-rising inflation and still provide your family with nutritious and satisfying meals without breaking the bank. Happy shopping!





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