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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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Marble Cake

Ingredients:

  • 2 cups all-purpose flour
  • 2 tsp baking powder
  • 1/4 tsp salt
  • 1/2 cup unsalted butter (softened)
  • 1 cup granulated sugar
  • 2 large eggs
  • 1 tsp vanilla extract
  • 1 cup milk
  • 2 tbsp unsweetened cocoa powder
  • 2 tbsp boiling water


Instructions:

1. Preheat your oven to 350°F (175°C). Grease and flour a 9-inch loaf pan.

2. In a medium bowl whisk together flour, baking powder, and salt. Set aside.

3. In a large bowl cream the butter and sugar until light and fluffy. Add the eggs one at a time, beating well after each addition. Stir in the vanilla extract.

4. Gradually add the flour mixture to the butter mixture alternately with the milk, beginning and ending with the flour mixture. Mix until just combined.

5. Divide the batter into two bowls. In a small bowl, mix the cocoa powder and boiling water until smooth, then add to one of the bowls of batter and mix until well combined.

6. Spoon the batters alternately into the prepared loaf pan. Use a knife or skewer to swirl the batters together to create a marbled effect.

7. Bake for 50-60 minutes, or until a toothpick inserted into the center comes out clean.

8. Let the cake cool in the pan for about 10 minutes, then turn it out onto a wire rack to cool completely.


Enjoy your homemade marble cake! 

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