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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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Canada Post Workers Begin Nationwide Strike, Disrupting Deliveries

 


Canada Post workers have initiated a nationwide strike today, following a breakdown in negotiations with their employer. The Canadian Union of Postal Workers (CUPW) announced that approximately 55,000 postal workers are participating in the strike, which began at 12:01 a.m. Eastern Time.

The strike comes after nearly a year of bargaining with little progress on key issues such as fair wages, safer working conditions, and job security. The union had issued a 72-hour strike notice earlier this week, but efforts to reach a negotiated agreement failed.

Canada Post has warned that the strike will significantly disrupt mail and parcel deliveries, especially with the busy holiday season approaching. The Crown corporation stated that mail and parcels will not be processed or delivered during the strike, and some post offices will be closed.

The federal government has appointed a special mediator to assist in the negotiations, but as of now, there is no resolution in sight.

The strike is expected to have a widespread impact on Canadians and businesses relying on postal services for their operations and holiday preparations.


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