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BoC Opens the Door to Rate Hikes: What It Means for Your Mortgage

  Published September 4, 2026 The Bank of Canada held its policy rate at 2.25% on September 2 — the seventh straight hold — but Governor Tiff Macklem didn't sound like a central banker done for the year. He told reporters the Bank is "prepared to raise interest rates, and if it takes more than one increase, we're prepared to do that," if inflation stays too high. That's a real shift in tone, and it lands right as a wave of Canadians hit their mortgage renewal date. Here's what changed, who's forecasting what, and what it actually means for your payment. Why the Bank Suddenly Sounds Hawkish Canada's annual inflation rate has climbed to around 3% — a full point above the Bank's 2% target — and the Bank is pointing squarely at energy prices. Oil has stayed elevated because of the Iran conflict and disruption near the Strait of Hormuz, pushing gas prices up and dragging headline CPI with it. Core inflation, which strips out food and energy, is still s...
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Unlocking the Full Potential of Your Reward Bucks: Strategies for Maximizing Rewards



Getting the most bang for your reward bucks requires a strategic and thoughtful approach. First and foremost, it's crucial to understand the rewards program you're enrolled in. Familiarize yourself with the rules, redemption options, and any special promotions or bonuses. By staying informed, you can take advantage of limited-time offers and optimize your earnings. Additionally, consider combining rewards from various sources, such as credit card points, airline miles, and loyalty programs from your favorite retailers. Pooling your rewards can result in more significant benefits and more attractive redemption options.


Another effective strategy is to be mindful of your spending habits. Focus on making everyday purchases through your rewards program to accumulate points or cashback quickly. However, it's essential to strike a balance and avoid unnecessary splurges solely for the sake of earning rewards. Always compare prices and consider whether you genuinely need a product or service before making a purchase. By making strategic choices, you can ensure that every dollar you spend contributes to building up your reward bucks.


Finally, stay flexible with your redemption choices. Some rewards programs offer higher value when redeemed for certain items or experiences. Be open to exploring various options, such as travel upgrades, gift cards, or even charitable donations. Additionally, keep an eye on any limited-time promotions or special offers that might allow you to stretch your reward bucks further. By maximizing the value of your rewards and staying informed, you can make the most out of your reward bucks and enjoy the benefits of your loyalty and smart spending choices.












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