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Lock In or Wait? Why Two Big Banks Say Rates Are Going Up in October

  Published September 2, 2026 The Bank of Canada did exactly what all 35 economists in Reuters' latest poll expected today: it held its overnight rate at 2.25% for a sixth straight decision, keeping the prime rate at 4.45%. Bond markets had priced in barely a 3% chance of anything else. What's not settled is what happens next — and on that question, Canada's biggest banks are more split than they've been all year. Four of the Big Six expect the Bank to sit tight through the end of 2026. Two expect it to start hiking as soon as October. If you're renewing a mortgage in the next few months, that gap isn't academic — it's the difference between locking in now and gambling on a rate cycle turning against you. The Split, Bank by Bank Here's where the six largest banks stand on where the overnight rate lands by the end of 2026: Bank Year-end 2026 call Stance BMO 2.25% (hold) Hold camp CIBC 2.25% (hold) Hold camp RBC 2.25% (hold) Hold camp TD 2.25% (hold) Hold...
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Look Up Tuesday Night for the Full Pink Moon

 

The Pink Moon is set to grace the night sky this week, and it’s a celestial event worth observing. On Tuesday night, precisely at 7:49 p.m. EDT, the Moon will be in its full phase, marking April’s Full Moon. However, according to NASA, observers will notice that the Moon appears full for approximately three days, from Monday morning through Thursday morning.

Why Is It Called the Pink Moon?

Contrary to what the name suggests, the Pink Moon isn’t named for the Moon’s color. Instead, it derives its name from wild ground phlox, also known as pink moss. This early-blooming wildflower is one of the first to grace the landscape in the US Northeast during spring. The Old Farmer’s Almanac, which has been recording lunar names for close to a century, associated this April Full Moon with the pink blossoms of ground phlox.

Gibbous Phase and Observing Tips

While the Moon will appear full for several days, keen observers can still notice subtle differences. On Monday night and Wednesday night, focus on the Moon’s face a bit longer. You might observe that one side looks “fuzzy” compared to the crisp edge on the other side. This reveals that the Moon is actually in its Gibbous phase during those times. If you have binoculars or a telescope, it’ll be even easier to spot this phenomenon1.

So, mark your calendars and take a moment to appreciate the Pink Moon’s beauty as it graces our night sky this week!

Feel free to share this information with fellow stargazers and enjoy the celestial spectacle! If you have any more questions or need further details, feel free to ask. 😊🌠1

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