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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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Tragedy in Gaza: Israeli Airstrike on Post Office Claims Lives of 30 Palestinians


In a devastating incident, an Israeli airstrike targeted a post office in the Nuseirat camp in central Gaza, resulting in the deaths of at least 30 Palestinians and injuring 50 others. The post office had been serving as a shelter for families displaced by the ongoing conflict, which has now entered its 14th month.

The Israeli military stated that the strike aimed to eliminate a senior member of the Islamic Jihad, a militant group accused of exploiting civilian infrastructure for its activities. However, the attack has drawn widespread condemnation due to the high civilian casualties and the destruction of a facility providing refuge to those already suffering from the conflict.

Earlier on the same day, two additional Israeli airstrikes in southern Gaza killed 13 Palestinians who were reportedly guarding humanitarian aid trucks. The Israeli military claimed these individuals were Hamas militants attempting to hijack the aid shipments.

The ongoing violence has exacerbated the humanitarian crisis in Gaza, with thousands of families displaced and essential services severely disrupted. Efforts by international mediators to broker a ceasefire have so far been unsuccessful, leaving the region in a state of perpetual turmoil.


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