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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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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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