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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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Armed Militants Kill Priest and Police in Attacks on Churches and Synagogue in Dagestan

 

Armed militants launched a series of attacks in Russia's southern republic of Dagestan, resulting in the deaths of a priest and six police officers. The incidents occurred at two Orthodox churches, a synagogue, and a traffic police post.

According to Russian state news agency RIA Novosti, the assailants targeted a synagogue and a church in the city of Derbent, located on the Caspian Sea. The attackers fled the scene, prompting a search operation by authorities. Two militants were reportedly "eliminated" during the pursuit.

Simultaneously, a traffic police post in the capital of Dagestan, Makhachkala, was also attacked. Six policemen lost their lives, and 12 others were injured in this separate incident.

While no group has claimed responsibility for the attacks, some officials in Dagestan have pointed fingers at Ukraine and NATO. However, Ukrainian authorities have not yet commented on the situation.

President Ramzan Kadyrov of neighboring Chechnya condemned the violence, describing it as a "vile provocation" aimed at sowing discord between religious communities.

The situation remains tense, and authorities are investigating the motives behind these tragic events.


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