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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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Ottawa Prepares for Possible Evacuations from Lebanon Amid Regional Tensions

 

Introduction: As tensions escalate in the Middle East, the Canadian government is closely monitoring the situation in Lebanon. With the ongoing Israel-Hamas conflict and the potential involvement of Hezbollah, Ottawa is taking precautionary measures to ensure the safety of its citizens in the region.

The Situation:

Lebanon, a country with a significant Canadian expatriate community, has become a focal point due to its proximity to the conflict zone. The federal government estimates that there are at least 14,000 Canadians currently in Lebanon. While diplomatic efforts are underway to prevent further escalation, Ottawa is prepared for the unexpected.

Contingency Plans:

The Canadian Armed Forces have established a “task force” in Cyprus, ready to assist with evacuations if necessary. Coordinating with like-minded allies, they are strategically planning for potential evacuation operations in case the conflict intensifies. However, the government emphasizes that Canadians in Lebanon should consider leaving while commercial flights are still available.

Travel Advisory:

Last week, the government issued a travel advisory recommending that Canadians avoid all non-essential travel to Lebanon. Additionally, they are warning against travel to the southern region of the country. The situation remains fluid, and there is concern that limited commercial options may be available if conditions deteriorate.

Conclusion: As the situation unfolds, Ottawa remains vigilant and committed to ensuring the safety of its citizens. Canadians in Lebanon are advised to stay informed, follow official guidance, and consider leaving the country promptly if possible.



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