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Lock In or Wait? Why Two Big Banks Say Rates Are Going Up in October

  Published September 2, 2026 The Bank of Canada did exactly what all 35 economists in Reuters' latest poll expected today: it held its overnight rate at 2.25% for a sixth straight decision, keeping the prime rate at 4.45%. Bond markets had priced in barely a 3% chance of anything else. What's not settled is what happens next — and on that question, Canada's biggest banks are more split than they've been all year. Four of the Big Six expect the Bank to sit tight through the end of 2026. Two expect it to start hiking as soon as October. If you're renewing a mortgage in the next few months, that gap isn't academic — it's the difference between locking in now and gambling on a rate cycle turning against you. The Split, Bank by Bank Here's where the six largest banks stand on where the overnight rate lands by the end of 2026: Bank Year-end 2026 call Stance BMO 2.25% (hold) Hold camp CIBC 2.25% (hold) Hold camp RBC 2.25% (hold) Hold camp TD 2.25% (hold) Hold...
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Notorious Killer Paul Bernardo to Appear Before Parole Board of Canada

 

Paul Bernardo, one of Canada's most infamous serial killers, is scheduled to appear before the Parole Board of Canada today for a hearing. Bernardo, who has been denied parole twice in the past, is serving an indeterminate life sentence for the kidnapping, sexual assault, and murder of 15-year-old Kristen French and 14-year-old Leslie Mahaffy in the early 1990s near St. Catharines, Ontario.

The hearing will take place at the medium-security La Macaza Institution in Quebec, following his controversial transfer from a maximum-security Ontario prison last year. Tim Danson, the lawyer representing the French and Mahaffy families, has expressed frustration over the parole board's initial decision to deny the families the right to deliver their victim impact statements in person. Although the board later reversed this decision, the short notice has made it difficult for the families to arrange travel, resulting in only Mahaffy's mother attending in person while others will deliver their statements remotely.

Bernardo's crimes, which also include the manslaughter of his then-wife Karla Homolka's 15-year-old sister, Tammy, have left a lasting impact on the victims' families and the Canadian public. The parole board's decision today will be closely watched, as it could determine whether Bernardo will remain behind bars or be granted parole.



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