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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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Cyprus Leaders Discuss Opening New Crossing Points Along 1974 Ceasefire Line


 Leaders of war-divided Cyprus said on Monday they supported opening further crossing points along the 1974 ceasefire line splitting the island to meet popular demand, and would work with the United Nations towards that objective. President Nikos Christodoulides, the Greek Cypriot leader, and Turkish Cypriot leader Ersin Tatar discussed the modalities of new checkpoints at a rare meeting hosted by the United Nations in the divided capital Nicosia. 

Despite mutual support for further openings, the leaders did not announce any immediate measures to ease movement across the truce line, indicating continued disagreements. The leaders believe that the opening of new crossing points is critical to promote people-to-people contacts, strengthen economic ties, and build trust. 

Another meeting is scheduled in the coming days to continue discussions. The push for additional checkpoints follows months of negotiations focused on where and how many checkpoints should open in addition to the nine crossings used by thousands daily along a 180-km (116-mile) ceasefire line. 

It is estimated that more than a million people use the checkpoints to cross each year either for employment, education, or personal reasons. The first pedestrian crossing was opened in April 2003 after almost three decades of isolation. 

Greek Cypriots say they do not object to opening one checkpoint advocated by Turkish Cypriots in the east of Nicosia, the island's ethnically-split capital. They say that in a spirit of reciprocity, Turkish Cypriots should agree to opening a checkpoint which Greek Cypriots want. 

The leaders' joint statement emphasized the importance of opening new crossing points to promote people-to-people contacts, strengthen economic ties, and build trust. 




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