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Bank of Canada Says More Rate Hikes Could Be Coming: What It Means for Your Mortgage and HELOC

  Canadian Money Brief  |  November 11, 2026 Bank of Canada Says More Rate Hikes Could Be Coming: What It Means for Your Mortgage and HELOC By the MoneySavings.ca team  •  6 min read The Bank of Canada raised its key rate on October 28, the first increase since 2023. Yesterday it signalled it may not be done. The summary of deliberations, released Tuesday, says Governing Council agreed there could be a need to raise the policy rate further, while taking decisions one meeting at a time. If you carry a variable-rate mortgage or a home equity line of credit (HELOC), that is a headline worth a few minutes. Here is what the Bank said, what another hike would cost, and what you can do before the next decision on December 9 . 2.50% Policy rate since Oct 28 4.70% Big-bank prime since Oct 29 3.5% BoC CPI forecast, end of 2026 Dec 9 Next rate decision What the Bank actually said The core of the story is energy. The Bank notes that the war in the Middle East is in its eig...
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Wall Street Nears 5,000 Milestone

 

U.S. stocks continued their upward trajectory, setting more records as evidence mounted of a remarkably solid job market. Here’s a snapshot of today’s market activity:

  • The S&P 500 inched up by 2.85 points, reaching 4,997.91.
  • The Dow Jones Industrial Average also achieved an all-time high, edging up by 48.97 points to 38,726.33.
  • The Nasdaq composite gained 37.07 points, closing at 15,793.71.

During the day, the S&P 500 even briefly surpassed the 5,000 level for the first time. While such milestones may seem arbitrary in a market driven by math and financial data, they can offer a psychological boost. Remember, not long ago, experts were predicting a near-certain bear market and recession. Yet, the U.S. economy has defied expectations, and the latest report indicates fewer workers applied for unemployment benefits last week than anticipated.

Investors are increasingly recognizing that positive economic news translates to higher corporate profits, which ultimately benefit stocks. Earnings reports from major U.S. companies have been mixed, with some notable winners:

  • The Walt Disney Co. reported stronger-than-expected profits, benefiting from cost cuts and growth at its theme parks.
  • Ralph Lauren saw robust holiday sales worldwide, particularly in Asia.
  • Arm Holdings, a U.K.-based semiconductor company, exceeded analysts’ expectations.
  • However, PayPal fell short of profit forecasts for 2024, and S&P Global reported weaker profits for the latest quarter.

As Wall Street approaches the 5,000 milestone, it serves as a reminder of how far we’ve come. Amid the market’s emotional swings, staying grounded in data and fundamentals remains crucial. 

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