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BoC Decision Day: What a Hold at 2.25% Means for Your Mortgage

  Published September 2, 2026 Tomorrow's date has been sitting at the bottom of every Canadian Money Brief for weeks, and it's finally here. The Bank of Canada announces its overnight rate decision on Wednesday, September 2 at 9:45 a.m. ET, with Governor Tiff Macklem holding a press conference at 10:30. Every economist polled by Reuters — all 35 of them — expects the same outcome: a hold at 2.25%, the eighth straight meeting without a move. That's the headline. The more useful question for your wallet is what a "boring" hold actually does — and doesn't do — to your mortgage, and why two of the Big Six banks think the boring streak is about to end. Why a hold is the almost-certain call The Bank has a genuinely awkward setup heading into this meeting. On one side, the economy just posted its best quarter in years: GDP grew at a 3.3% annualized pace in the second quarter, well ahead of the Bank's own 2.5% forecast, and July's jobs report added a blowout ...
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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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