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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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Humanitarian Crisis Deepens in Gaza Amidst Conflict

 

The humanitarian situation in Gaza has reached a critical point as the United Nations warns of an impending famine in the northern regions. The World Food Program’s alarming report indicates that 70% of the population is facing catastrophic levels of hunger, with the possibility of half of Gaza’s 2.3 million residents being pushed to the brink of starvation if the conflict escalates.

Israeli forces have conducted another raid on Gaza’s largest hospital, Shifa Hospital, amidst claims of Hamas militants using the facility for operations. This has raised international concerns and calls for Israel to facilitate the entry of aid and open more crossings to address the dire needs of the Gazan population.

The European Union’s top diplomat has described the looming famine as “entirely man-made,” pointing to the use of starvation as a weapon of war. Aid groups emphasize the necessity of consistent food aid, access to clean water, and healthcare to avert the crisis.

As the war displaces 80% of Gaza’s population, the region’s infrastructure is under severe strain, with many residents resorting to eating animal feed. The international community continues to push for a ceasefire and increased humanitarian aid to prevent a large-scale famine in Gaza.


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