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BoC Opens the Door to Rate Hikes: What It Means for Your Mortgage

  Published September 4, 2026 The Bank of Canada held its policy rate at 2.25% on September 2 — the seventh straight hold — but Governor Tiff Macklem didn't sound like a central banker done for the year. He told reporters the Bank is "prepared to raise interest rates, and if it takes more than one increase, we're prepared to do that," if inflation stays too high. That's a real shift in tone, and it lands right as a wave of Canadians hit their mortgage renewal date. Here's what changed, who's forecasting what, and what it actually means for your payment. Why the Bank Suddenly Sounds Hawkish Canada's annual inflation rate has climbed to around 3% — a full point above the Bank's 2% target — and the Bank is pointing squarely at energy prices. Oil has stayed elevated because of the Iran conflict and disruption near the Strait of Hormuz, pushing gas prices up and dragging headline CPI with it. Core inflation, which strips out food and energy, is still s...
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Israel Halts Return of Thousands of Palestinians Amid Hostage Dispute with Hamas

 

In a recent development, Israel has stopped the return of thousands of Palestinians to their homes in northern Gaza, citing a violation of the ceasefire agreement by Hamas. The ceasefire, which was meant to bring peace and allow displaced Palestinians to return home, has been disrupted due to the non-release of a civilian hostage, Arbel Yehud.

According to Israeli officials, Hamas was supposed to release Yehud before freeing four female soldiers. However, Hamas did not adhere to this order, leading Israel to block the return of Palestinians until the situation is resolved. This decision has left many Palestinians stranded and uncertain about their future.

The ceasefire deal, which was brokered to end 15 months of conflict, included the release of hostages and Palestinian prisoners, as well as increased humanitarian aid for Gaza. Despite the initial hope brought by the ceasefire, the current dispute has cast a shadow over the fragile peace.

As negotiations continue, both sides remain hopeful for a resolution that will allow the safe return of displaced Palestinians and the release of all hostages. The international community continues to monitor the situation closely, urging both parties to adhere to the terms of the ceasefire and work towards lasting peace.




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