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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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Workers Rally for Greater Labor Rights on May Day

 

May Day, observed on May 1, is a significant date for workers across the globe. This year, workers and activists in Asian capitals and European cities took to the streets to mark the occasion with rallies and marches. Their collective demand: greater labor rights.

Rising Prices and Labor Policies

The May Day rallies were fueled by rising prices and dissatisfaction with government labor policies. Hundreds of Filipino workers in Manila, Philippines, marched to demand wage increases and job security amid soaring food and oil prices. In Seoul, South Korea, members of the Korean Confederation of Trade Unions gathered for a rally, echoing the call for better working conditions. Similarly, participants in Tokyo, Japan, marched after a May Day rally, emphasizing the need for labor rights.

A Global Celebration of Workers’ Rights

May Day serves as a reminder of the importance of workers’ rights. It’s a day when people come together to advocate for fair treatment, improved working conditions, and equitable wages. Across Asia and Europe, the rallies underscored the shared struggle for better labor rights and the need for governments to address workers’ concerns.

As we commemorate May Day, let us recognize the resilience and determination of workers worldwide. Their collective voice continues to shape policies and advocate for a fairer, more just labor landscape. 


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