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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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Israel Detains Director of Northern Gaza's Last Operating Hospital Amid Ongoing Conflict

In a dramatic escalation of the ongoing conflict, Israeli forces detained Dr. Hussam Abu Safiya, the director of Kamal Adwan Hospital, one of the last functioning medical facilities in northern Gaza. The arrest comes amid a series of overnight strikes that killed nine people, including children.

According to Gaza's Health Ministry, Israeli troops stormed the hospital on Friday, forcing staff and patients to evacuate in harsh winter conditions. Reports indicate that Dr. Abu Safiya and dozens of other hospital staff were taken to an interrogation center. The Israeli army has not responded to questions regarding the detention.

The hospital, which has been repeatedly targeted over the past three months, has seen its infrastructure severely damaged. The Health Ministry reported that a recent strike killed five medical personnel, further crippling the already strained healthcare system in Gaza.

The World Health Organization has condemned the raid, stating that it has put the last major health facility in northern Gaza out of service. The organization has called for an immediate ceasefire and the protection of healthcare facilities and personnel.

The conflict continues to escalate, with both sides suffering significant casualties. The international community has expressed growing concern over the humanitarian crisis unfolding in Gaza.



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