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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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Biden Labels Debate Performance as 'Bad Night'; Senior Democrats Support Continuation of Campaign

In a recent development on the U.S. political front, President Joe Biden openly acknowledged a lackluster performance in a recent debate, describing it as 'a bad night'. Despite this critique of his own showing, influential members of the Democratic Party have indicated they will not advocate for Biden's withdrawal from the presidential race.

The comment by Biden highlights the competitive nature of the electoral process as the campaign season heats up. The debated event has been recognized for its pivotal moments, with candidates facing challenges in articulating their policy positions and demonstrating leadership capabilities to the electorate.

Senior Democrats, while acknowledging the significance of debate performances in shaping public opinion, have reiterated their support for Biden's candidacy. Their stance underscores a unified front within the party, emphasizing continuity and resilience as they navigate through the upcoming electoral hurdles.

The steadfast backing from prominent Democratic leaders reflects their confidence in Biden's ability to maneuver through the complexities of the presidential contest and effectively communicate his vision for the nation. As the election cycle progresses, Biden continues to emphasize the achievements of his administration and outline future policy objectives aimed at resonating with a diverse electorate.

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