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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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Destruction in Deir al-Balah: Tragedy Unfolds After Israeli Airstrikes

In a heart-wrenching turn of events, the central town of Deir al-Balah and the Nuseirat camp in the Gaza Strip bore witness to devastating destruction caused by Israeli overnight airstrikes. The toll is staggering: at least 58 lives, including innocent children, have been lost, as confirmed by health officials and an Associated Press journalist.

The haunting images of rubble and shattered walls tell a grim tale. Between December 7 and 8, the Yaffa Mosque in central Deir al-Balah was obliterated, leaving the once-proud structure leveled. The neighboring Yaffa Hospital also suffered severe damage, its walls bearing the scars of conflict.

As the world grapples with the aftermath of this tragedy, we must not forget the human cost—the lives forever altered, the families shattered, and the pain etched into the hearts of those who survived. The international community must stand united in seeking peace and justice for the victims of this senseless violence.

Let us remember the names and faces of those lost, and let their memory fuel our collective resolve to prevent such horrors from repeating. 

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