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BoC Decision Day: What a Hold at 2.25% Means for Your Mortgage

  Published September 2, 2026 Tomorrow's date has been sitting at the bottom of every Canadian Money Brief for weeks, and it's finally here. The Bank of Canada announces its overnight rate decision on Wednesday, September 2 at 9:45 a.m. ET, with Governor Tiff Macklem holding a press conference at 10:30. Every economist polled by Reuters — all 35 of them — expects the same outcome: a hold at 2.25%, the eighth straight meeting without a move. That's the headline. The more useful question for your wallet is what a "boring" hold actually does — and doesn't do — to your mortgage, and why two of the Big Six banks think the boring streak is about to end. Why a hold is the almost-certain call The Bank has a genuinely awkward setup heading into this meeting. On one side, the economy just posted its best quarter in years: GDP grew at a 3.3% annualized pace in the second quarter, well ahead of the Bank's own 2.5% forecast, and July's jobs report added a blowout ...

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Chicken & Broccoli Casserole

 


This one-pan chicken and broccoli casserole is prepared in a skillet on the stovetop, then finished in the oven until it's browned, cheesy and bubbling. Serve with a crunchy green salad.

Ingredients

  • 1 tablespoon canola oil
  • 1 ½ pounds boneless, skinless chicken breasts, trimmed and cut into bite-size pieces
  • 1 small onion, finely chopped
  •  cup all-purpose flour
  • 4 cups reduced-fat milk
  • 3 cups broccoli florets
  • 2 tablespoons water
  • 2 9-ounce packages precooked brown rice
  • 1 ½ cups shredded reduced-fat sharp Cheddar cheese
  • 1 teaspoon dry mustard
  • ½ teaspoon garlic powder
  • ¾ teaspoon salt
  • ½ teaspoon ground pepper
  • 1 cup prepared crispy fried onions

Directions

  1. 1. Preheat oven to 400°F.

  2. 2.Heat oil in a large high-sided ovenproof skillet over medium-high heat. Add chicken and chopped onion; cook, stirring occasionally, until the chicken is no longer pink on the outside, about 7 minutes. Sprinkle the mixture with flour and cook, stirring occasionally, for 1 minute. Add milk to the pan and bring to a boil, stirring frequently. (Be careful, the pan will be very full.) Boil, stirring, for 1 minute.

  3. 3. Meanwhile, place broccoli and water in a microwave-safe container. Cover and microwave on High until the broccoli is tender, about 3 minutes. Drain.

  4. 4. Remove the pan from the heat and carefully stir in rice, cheese, dry mustard, garlic powder, salt, pepper and the broccoli. Sprinkle with crispy onions.

  5. 5. Bake the casserole until bubbling at the edges, about 10 minutes. Let stand for 5 minutes before serving.

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