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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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Erdogan’s Bold Threat: Turkey’s Potential Military Intervention in Israel

 

In a recent and highly provocative statement, Turkish President Recep Tayyip Erdogan has suggested that Turkey might intervene militarily in Israel to support the Palestinians. This declaration was made during a party meeting in Rize, where Erdogan drew parallels to Turkey’s past interventions in Nagorno-Karabakh and Libya.

Erdogan emphasized the need for Turkey to be strong to prevent Israel from continuing its actions against the Palestinians. He stated, "Just as we entered [Nagorno-]Karabakh, just as we entered Libya, we might do the same to them. There is nothing we can’t do. We must only be strong.

This rhetoric has sparked significant concern and backlash. Israeli Foreign Minister Israel Katz compared Erdogan to the late Iraqi dictator Saddam Hussein, highlighting the potential for severe geopolitical repercussions. The Turkish leader’s comments come amid ongoing conflict between Israel and Hamas in Gaza, further escalating tensions in the region.

Erdogan’s statements have been met with mixed reactions globally, with many fearing the implications of such a move by a NATO member. The international community watches closely as the situation develops, hoping for a peaceful resolution to the escalating conflict.


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