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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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St. Patrick’s Day: History, Celebrations, and Fun Facts


 St. Patrick’s Day, celebrated annually on March 17, holds a rich history that intertwines religion, culture, and legend. Let’s delve into the fascinating origins of this festive day:

  1. Who Was St. Patrick?

    • Saint Patrick, born in Roman Britain during the fifth century, is the patron saint of Ireland and its national apostle.
    • At the age of 16, he was kidnapped and brought to Ireland as a slave. After escaping, he returned to Ireland and is credited with bringing Christianity to its people.
    • One of the most well-known legends associated with St. Patrick is that he used the three leaves of a native Irish clover, the shamrock, to explain the Holy Trinity (Father, Son, and Holy Spirit).

  2. Early Observance in Ireland:

    • For over 1,000 years, the Irish have observed St. Patrick’s Day as a religious holiday.
    • During the Christian season of Lent, Irish families traditionally attended church in the morning and celebrated in the afternoon.
    • Lenten prohibitions against meat consumption were waived, allowing people to dance, drink, and feast on the traditional meal of Irish bacon and cabbage.

  3. First St. Patrick’s Day Parade:

    • Surprisingly, the first St. Patrick’s Day parade did not take place in Ireland but in America.
    • Records show that a parade was held on March 17, 1601, in a Spanish colony in what is now St. Augustine, Florida.
    • Homesick Irish soldiers serving in the English military marched in New York City on March 17, 1772, to honor the Irish patron saint.
    • Enthusiasm for St. Patrick’s Day parades in New York City, Boston, and other American cities continued to grow.

  4. Growth of Celebrations:

    • Irish patriotism among American immigrants flourished, leading to the rise of “Irish Aid” societies.
    • These societies held annual parades featuring bagpipes and drums.
    • In 1848, several New York Irish Aid societies united their parades to form the world’s oldest civilian parade: the New York City St. Patrick’s Day Parade, which remains the largest in the United States with over 150,000 participants.

So, as we celebrate St. Patrick’s Day, let’s raise a glass to the enduring legacy of this beloved holiday! 

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