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BoC Opens the Door to Rate Hikes: What It Means for Your Mortgage

  Published September 4, 2026 The Bank of Canada held its policy rate at 2.25% on September 2 — the seventh straight hold — but Governor Tiff Macklem didn't sound like a central banker done for the year. He told reporters the Bank is "prepared to raise interest rates, and if it takes more than one increase, we're prepared to do that," if inflation stays too high. That's a real shift in tone, and it lands right as a wave of Canadians hit their mortgage renewal date. Here's what changed, who's forecasting what, and what it actually means for your payment. Why the Bank Suddenly Sounds Hawkish Canada's annual inflation rate has climbed to around 3% — a full point above the Bank's 2% target — and the Bank is pointing squarely at energy prices. Oil has stayed elevated because of the Iran conflict and disruption near the Strait of Hormuz, pushing gas prices up and dragging headline CPI with it. Core inflation, which strips out food and energy, is still s...
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Turmoil in Bangladesh: Prime Minister Sheikh Hasina Resigns and Flees Amidst Protests

 


In a dramatic turn of events, Bangladeshi Prime Minister Sheikh Hasina has resigned and left the country for a “safer place” following weeks of intense anti-government protests. The 76-year-old leader’s departure comes after thousands of demonstrators stormed her official residence, demanding her resignation.

The unrest, which began as a movement against civil service job quotas, quickly escalated into widespread calls for Hasina to step down. The situation reached a boiling point when at least 90 people were killed and hundreds injured in violent clashes between protesters and security forces.

As the protests intensified, the government imposed a nationwide curfew and shut down internet services in an attempt to quell the unrest. However, these measures did little to deter the demonstrators, who continued to march through the streets of Dhaka, chanting slogans and demanding change.

In a televised address, Bangladesh’s military chief, Waker-Uz-Zaman, confirmed Hasina’s resignation and announced that an interim government would take over the administration of the country. The army has been deployed across the capital to maintain order and prevent further violence.

The resignation of Sheikh Hasina marks the end of her 15-year rule, during which she faced numerous challenges and controversies. As Bangladesh navigates this period of political uncertainty, the international community watches closely, hoping for a peaceful resolution to the crisis.

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