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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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Parmesan Crusted Chicke

 


For Breading

  • ½ cup all purpose flour
  • 2 eggs
  • ⅔ cup seasoned Italian bread crumbs 
  • ⅓ cup freshly grated Parmigiano-Reggiano cheese
  • ¼ teaspoon salt
  • ¼ teaspoon freshly ground black pepper
  • 1 tablespoon finely chopped fresh herbs, such as thyme, parsley, chives or rosemary

For Chicken

  • 3-4 boneless skinless chicken breasts (about 1½ pounds), pounded ¼"-thick (see note)
  • Salt and freshly ground black pepper
  • ¼ cup olive oil
  • Lemon wedges, for serving

  • INSTRUCTIONS


    • 1. Prepare the Breading Stations: Set up three shallow bowls. Fill the first with flour, the second with beaten eggs, and the third with a mixture of bread crumbs, Parmesan cheese, salt, pepper, and chopped fresh herbs.

    2. Season the Chicken: Season the chicken breasts with salt and pepper.

    3. Bread the Chicken: Dredge each chicken breast in flour, then dip in the egg mixture, and finally coat with the bread crumb mixture.

    4. Cook the Chicken: Heat oil in a large sauté pan over medium heat. Cook the chicken breasts for 2-3 minutes on each side until golden brown and cooked through.

    5. Serve: Serve immediately with lemon wedges.

    This dish is perfect for a weeknight dinner or a special occasion. Enjoy!


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