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Lock In or Wait? Why Two Big Banks Say Rates Are Going Up in October

  Published September 2, 2026 The Bank of Canada did exactly what all 35 economists in Reuters' latest poll expected today: it held its overnight rate at 2.25% for a sixth straight decision, keeping the prime rate at 4.45%. Bond markets had priced in barely a 3% chance of anything else. What's not settled is what happens next — and on that question, Canada's biggest banks are more split than they've been all year. Four of the Big Six expect the Bank to sit tight through the end of 2026. Two expect it to start hiking as soon as October. If you're renewing a mortgage in the next few months, that gap isn't academic — it's the difference between locking in now and gambling on a rate cycle turning against you. The Split, Bank by Bank Here's where the six largest banks stand on where the overnight rate lands by the end of 2026: Bank Year-end 2026 call Stance BMO 2.25% (hold) Hold camp CIBC 2.25% (hold) Hold camp RBC 2.25% (hold) Hold camp TD 2.25% (hold) Hold...
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Tragic Loss: Five Palestinian Journalists Killed in Israeli Airstrike

In a devastating incident, five Palestinian journalists lost their lives in an Israeli airstrike in Gaza, as reported by the Gaza Health Ministry. The strike targeted a vehicle outside the Al-Awda Hospital in the Nuseirat refugee camp, where the journalists were working for the local Quds News Network. This tragic event adds to the growing toll of over 130 Palestinian reporters killed since the start of the conflict.

The Israeli military stated that the strike was aimed at a group of militants allied with Hamas. However, the loss of these journalists highlights the severe risks faced by media professionals in conflict zones. The ongoing conflict has resulted in significant casualties, with Gaza's Health Ministry reporting over 45,000 Palestinians killed, more than half of them women and children.

The international community continues to call for a ceasefire and protection of civilians, including journalists, who play a crucial role in documenting the realities of war.



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