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BoC Decision Day: What a Hold at 2.25% Means for Your Mortgage

  Published September 2, 2026 Tomorrow's date has been sitting at the bottom of every Canadian Money Brief for weeks, and it's finally here. The Bank of Canada announces its overnight rate decision on Wednesday, September 2 at 9:45 a.m. ET, with Governor Tiff Macklem holding a press conference at 10:30. Every economist polled by Reuters — all 35 of them — expects the same outcome: a hold at 2.25%, the eighth straight meeting without a move. That's the headline. The more useful question for your wallet is what a "boring" hold actually does — and doesn't do — to your mortgage, and why two of the Big Six banks think the boring streak is about to end. Why a hold is the almost-certain call The Bank has a genuinely awkward setup heading into this meeting. On one side, the economy just posted its best quarter in years: GDP grew at a 3.3% annualized pace in the second quarter, well ahead of the Bank's own 2.5% forecast, and July's jobs report added a blowout ...
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Israeli Cabinet to Vote on Ceasefire Deal with Lebanon

 

The Israeli cabinet is set to convene on Tuesday to vote on a proposed ceasefire deal with Lebanon, according to a senior Israeli official. This meeting comes amid ongoing hostilities and follows a year of cross-border hostilities between Israel and Hezbollah.

The proposed deal, backed by the United States, includes an Israeli military withdrawal from southern Lebanon and the deployment of Lebanese army troops in the border region within 60 days. A five-country committee, including France and chaired by the United States, will monitor compliance with the ceasefire.

Despite the diplomatic progress, tensions remain high as both sides continue to engage in military actions. Israeli airstrikes have targeted Hezbollah-controlled areas in Beirut, while Hezbollah has launched rocket attacks on Israel.

Prime Minister Benjamin Netanyahu's office has yet to comment on the reports, but the senior Israeli official confirmed that the cabinet meeting is intended to approve the ceasefire text.

The outcome of Tuesday's vote could mark a significant step towards ending the conflict and bringing stability to the region.




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