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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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Trump Declares 'Golden Age' for America in Inaugural Address

 

In a historic return to the White House, President Donald Trump declared the beginning of a "Golden Age" for the United States during his inaugural address on January 20, 2025. Speaking from the Capitol Rotunda, Trump outlined an ambitious agenda aimed at reversing what he described as the "horrible betrayal" of the previous administration.

Trump's speech was marked by a series of bold promises, including a commitment to end inflation, restore law and order, and reclaim American dominance on the global stage. He also announced the dismissal of several senior officials appointed by his predecessor, Joe Biden, and hinted at further removals to come.

The president's address was a mix of optimism and critique, as he painted a picture of a nation in decline but poised for a resurgence under his leadership. "From this moment on, America’s decline is over," Trump declared, emphasizing his intent to put America first and restore the country's prosperity and respect worldwide.

Trump's return to the presidency has been met with both support and controversy, as he continues to polarize the political landscape. However, his supporters remain hopeful that his promises will lead to a new era of national success.



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