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Bank of Canada Says More Rate Hikes Could Be Coming: What It Means for Your Mortgage and HELOC

  Canadian Money Brief  |  November 11, 2026 Bank of Canada Says More Rate Hikes Could Be Coming: What It Means for Your Mortgage and HELOC By the MoneySavings.ca team  •  6 min read The Bank of Canada raised its key rate on October 28, the first increase since 2023. Yesterday it signalled it may not be done. The summary of deliberations, released Tuesday, says Governing Council agreed there could be a need to raise the policy rate further, while taking decisions one meeting at a time. If you carry a variable-rate mortgage or a home equity line of credit (HELOC), that is a headline worth a few minutes. Here is what the Bank said, what another hike would cost, and what you can do before the next decision on December 9 . 2.50% Policy rate since Oct 28 4.70% Big-bank prime since Oct 29 3.5% BoC CPI forecast, end of 2026 Dec 9 Next rate decision What the Bank actually said The core of the story is energy. The Bank notes that the war in the Middle East is in its eig...
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Escalating Conflict: Israeli Strikes in Gaza Result in Civilian Casualties

 

In a series of intense military operations, Israeli airstrikes across the Gaza Strip have resulted in the deaths of at least 20 Palestinians, according to medical sources. The strikes targeted various locations, including residential areas and temporary shelters housing displaced families.

Among the casualties were six individuals killed in attacks on tents in the coastal area of Al-Mawasi, designated as a humanitarian zone. Additionally, an airstrike on a house in Gaza City claimed the lives of seven people and injured ten others. The Gaza Health Ministry reported that 76 Palestinians have been killed in the past 24 hours due to ongoing Israeli military actions.

The Israeli military has stated that these operations are aimed at targeting “terrorist infrastructure” in response to ongoing hostilities with Hamas. However, the strikes have also exacerbated the humanitarian crisis in Gaza, with increasing reports of child malnutrition and shortages of essential supplies.

As the conflict continues, the international community remains deeply concerned about the escalating violence and its impact on civilians in the region.


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