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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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Fireworks from Yacht Spark Forest Fire in Greece: 13 Arrested

 

Thirteen crew members and passengers have been arrested in Greece after fireworks launched from a yacht allegedly sparked a forest fire on the island of Hydra. The blaze, which occurred on Saturday, burned through the island’s only pine forest in the remote area of Bisti.

Despite the challenging conditions, firefighters managed to bring the flames under control. Accessing the beach by sea and using helicopters to drop water from the air, they successfully contained the fire. However, the incident has caused outrage in Greece, especially given the ongoing wildfires and the country’s first heatwave of the year.

Hydra’s mayor, Giorgos Koukoudakis, expressed indignation, stating, “We are indignant that some people so irresponsibly throw fireworks into a pine forest.” Social media users have also criticized the yacht’s passengers, with one person describing them as “rich people with more money than brains.”

Greece remains on high alert for wildfires, and authorities are preparing for a challenging summer due to dry conditions, strong winds, and high temperatures. Last Friday, a volunteer firefighter tragically lost his life while battling a fire in the southern region of Ilia on the Peloponnese peninsula. Scientists attribute the increasing frequency and intensity of extreme weather events, including heatwaves, to climate change. Additionally, Greece has grappled with arsonists, with stricter laws now in place to combat such behavior.


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