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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 Faces Pre-Fed Jitters

 

U.S. markets are bracing for another volatile day as Wall Street tumbles in premarket trading ahead of the Federal Reserve’s interest rate decision. Here’s a brief overview of what’s happening:

  1. Asian Stocks Follow Suit:

    • Asian stocks fell, with most markets in the region closed for a holiday.
    • Tokyo’s Nikkei 225 index lost 0.4%, reflecting a milder shrink in factory activity in Japan.
    • Australia’s S&P/ASX 200 dipped 1.1%.
    • Other regional markets were closed due to Labor Day.

  2. U.S. Stock Performance:

    • The S&P 500 closed out its worst month since September, tumbling 1.6% on Tuesday.
    • The Dow Jones Industrial Average dropped 1.5%, and the Nasdaq composite lost 2%.
    • Stocks began sinking after a report showed U.S. workers received bigger wage gains than expected in Q1, fueling inflation concerns.
    • Traders have given up hopes of multiple interest rate cuts by the Federal Reserve this year, leading to higher Treasury yields and pressure on stocks.

  3. Fed Decision Anticipation:

    • The Federal Reserve is unlikely to change its main interest rate at this meeting.
    • Traders await Fed Chair Jerome Powell’s remarks about the rest of the year.

  4. Stock-Specific Moves:

    • GE Healthcare Technologies tumbled 14.3% after weaker-than-expected results.
    • F5 dropped 9.2% despite reporting better profits.
    • McDonald’s slipped 0.2% due to weakening sales trends in franchised stores overseas.

In summary, investors are on edge as they await the Fed’s decision. While no rate change is expected, Powell’s outlook will be closely watched. Stay tuned for further updates!



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