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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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Stock Market Update: S&P 500 and Nasdaq Futures Climb as Fed Delivers and Meta Jumps

 


The stock market is showing positive momentum today, with futures for the S&P 500 and Nasdaq rising. This uptick comes on the heels of encouraging signals from the Federal Reserve and strong earnings reports from Meta Platforms.

Federal Reserve’s Impact: Federal Reserve Chair Jerome Powell has bolstered market confidence by suggesting that a rate cut could be on the table for September. This has increased traders’ expectations for a potential 25-basis-point reduction, with some even speculating a 50-basis-point cut.

Meta’s Strong Performance: Meta Platforms has seen a significant boost, with its shares climbing over 7% in pre-market trading. The company’s second-quarter earnings exceeded expectations, and its optimistic third-quarter sales forecast has further fueled investor enthusiasm.

Market Reactions: The positive news from Meta and the Federal Reserve has led to a rally in tech stocks. Futures on the S&P 500 and the tech-heavy Nasdaq 100 are both up roughly 0.4%, while Dow Jones Industrial Average futures have edged up by 0.1%.

Looking Ahead: Investors are now turning their attention to upcoming earnings reports from other major tech companies, including Apple and Amazon, which are due after the bell. Additionally, the market is awaiting the release of the July jobs report, which will provide further insights into the labor market and its impact on Fed policy.

Stay tuned for more updates as the market continues to react to these developments.


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