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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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Hezbollah Leader Hassan Nasrallah Killed in Israeli Airstrike on Beirut

 


In a significant escalation of the ongoing conflict, Hezbollah has confirmed the death of its leader, Hassan Nasrallah, following an Israeli airstrike on Beirut. The strike, which occurred on Friday evening, targeted a building in the southern suburbs of the Lebanese capital, an area known to be a stronghold of the militant group.

The Israeli military stated that the airstrike was a precise operation aimed at eliminating Nasrallah, who had led Hezbollah for over three decades. The attack also resulted in the deaths of several other high-ranking officials, including Abbas Nilforoushan, a general in Iran’s Revolutionary Guard.

The Lebanese Health Ministry reported that six people were killed and 91 others injured in the strike, which leveled multiple apartment buildings. The aftermath has left the city in shock, with rescue operations ongoing to find any remaining survivors.

Nasrallah’s death marks a pivotal moment in the Israel-Hezbollah conflict, raising fears of further escalation in the region. Hezbollah has vowed to continue its resistance against Israel, with many in Lebanon mourning the loss of their leader while others brace for potential retaliatory actions.

The international community has expressed concern over the rising tensions, urging both sides to exercise restraint to avoid a broader regional conflict.




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