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BoC Held Again at 2.25% — But a Rate Hike Is Now More Likely Than Not Before Year-End

  Bond markets put the odds of an October 28 hike at 57%. Here's what the big banks are forecasting, what it means for your mortgage payment, and how to think about your next move. MoneySavings.ca · September 17, 2026 The Bank of Canada kept its overnight rate at 2.25% on September 2 — the seventh consecutive hold since the last cut in October 2025. On the surface, nothing changed. Below the surface, everything did. Governor Tiff Macklem's post-decision language was the most hawkish the Bank has sounded in over a year. He flagged that persistently high oil prices (Brent has since touched $107) and new U.S. tariffs — combined with Canada's own $27.6 billion retaliation list — are creating genuine upside risks to inflation. The BoC's August deliberations summary, released September 16, confirmed the Governing Council is now actively weighing a hike, not just a hold. The August CPI reading that came in on September 14 didn't settle anything: headline inflation held at ...
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Anxiety and Dismay Inside the Justice Department After Trump Taps Gaetz as Attorney General

 

President-elect Donald Trump's decision to nominate Congressman Matt Gaetz as Attorney General has sent shockwaves through the Justice Department. Gaetz, known for his staunch loyalty to Trump and his controversial past, including a federal sex trafficking investigation, has raised significant concerns among career lawyers and officials within the department.

Many Justice Department employees are worried about the future of the agency under Gaetz's leadership, given his lack of experience in law enforcement and his outspoken criticism of the department. Gaetz has previously called the Justice Department "corrupt and highly political" and has suggested abolishing agencies like the FBI and the Bureau of Alcohol, Tobacco, Firearms and Explosives.

Trump's choice of Gaetz is seen as a move to "shake the whole thing and throw a grenade into DOJ," according to former U.S. Attorney John Fishwick Jr. The nomination has left many within the department stunned and outraged, with some already considering looking for new jobs.

As Gaetz prepares to take on this new role, the Justice Department faces a period of uncertainty and potential upheaval, reflecting the broader political and legal challenges that lie ahead for the Trump administration.

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