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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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Liberal Party Begins Leadership Race as Trudeau Announces Resignation


The Liberal Party of Canada has officially begun the process of selecting a new leader following Prime Minister Justin Trudeau's announcement that he will step down once a successor is chosen. Trudeau, who has led the party since 2013, stated that he is not the right choice to lead the party in the next election.

The party's president, Sachit Mehra, confirmed that a meeting of the national board of directors will be held this week to initiate the leadership contest. The board has the flexibility to determine the timeline for the leadership vote, which will be influenced by political circumstances.

Several potential candidates have already signaled their interest in running for the leadership position. Among the names frequently discussed are former finance minister Chrystia Freeland, who resigned from her cabinet position last month, and other prominent Liberal figures.

The leadership race comes at a critical time for the Liberal Party, as opposition parties are preparing to challenge the government through a non-confidence vote. The outcome of this leadership contest will shape the future direction of the party and its strategy for the upcoming federal election.



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