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Bank of Canada Says More Rate Hikes Could Be Coming: What It Means for Your Mortgage and HELOC

  Canadian Money Brief  |  November 11, 2026 Bank of Canada Says More Rate Hikes Could Be Coming: What It Means for Your Mortgage and HELOC By the MoneySavings.ca team  •  6 min read The Bank of Canada raised its key rate on October 28, the first increase since 2023. Yesterday it signalled it may not be done. The summary of deliberations, released Tuesday, says Governing Council agreed there could be a need to raise the policy rate further, while taking decisions one meeting at a time. If you carry a variable-rate mortgage or a home equity line of credit (HELOC), that is a headline worth a few minutes. Here is what the Bank said, what another hike would cost, and what you can do before the next decision on December 9 . 2.50% Policy rate since Oct 28 4.70% Big-bank prime since Oct 29 3.5% BoC CPI forecast, end of 2026 Dec 9 Next rate decision What the Bank actually said The core of the story is energy. The Bank notes that the war in the Middle East is in its eig...

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Pecan Tassies

Pecan Tassies are delightful bite-sized treats that are perfect for any occasion. Here's a classic recipe :

Ingredients:

For the Pastry:

  •  1 cup butter, softened
  •  6 oz cream cheese, softened
  •  2 cups all-purpose flour


For the Filling:

  • 1 ½ cups packed brown sugar
  •  2 tablespoons melted butter
  •  2 large eggs
  •  1 teaspoon vanilla extract
  •  1 ½ cups chopped pecans


Instructions:

1.  Prepare the Pastry:

  •     In a large bowl, cream together the butter and cream cheese until smooth.
  •    Gradually add the flour and mix until a soft dough forms.
  •    Divide the dough into 1-inch balls. Press each ball into the bottom and up the sides of a mini muffin tin to form a cup shape.

2. Make the Filling:

  •    Preheat the oven to 350°F (175°C).
  •  In a medium bowl, mix together the brown sugar, melted butter, eggs, and vanilla until well combined.
  •    Stir in the chopped pecans.

3.  Assemble and Bake:

  •    Fill each pastry cup with about a teaspoon of the pecan filling mixture.
  •    Bake in the preheated oven for about 20-25 minutes, or until the filling is set and the pastry is       lightly browned.
  •    Allow the tassies to cool in the pan for a few minutes before removing them to a wire rack to        cool completely.

Enjoy your delicious Pecan Tassies! 

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