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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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Israeli Response to Latest Ceasefire Proposal Deemed Negative

In a recent development, a senior Hamas official revealed that Israel’s response to the group’s latest Gaza ceasefire proposal was negative. The proposal, handed over by mediators, failed to meet the demands set forth by Hamas.

Summary of Events: 

  • On Tuesday evening, the mediators informed Hamas of Israel’s position on the proposal. According to Osama Hamdan, the Israeli response was “generally negative” and did not address the critical issues at hand.
  • Hamas holds Israeli Prime Minister Benjamin Netanyahu and his government accountable for the failure to negotiate a hostage release in exchange for Palestinian prisoners and to halt the ongoing conflict in Gaza.
  • Despite weeks of negotiations, a comprehensive agreement between Israel and Hamas remains elusive. Talks have resumed this week in Qatar, but the humanitarian crisis in Gaza continues to escalate.
  • Over the past week, more than 100 aid workers have lost their lives, and dozens have been wounded in eight attacks carried out by Israeli forces.
  • As the situation remains tense, international attention remains focused on finding a resolution. The hope is that renewed dialogue will pave the way for a lasting ceasefire and alleviate the suffering of civilians caught in the crossfire.

Stay tuned for further updates as the situation unfolds.


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