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BoC Held Again at 2.25% — But a Rate Hike Is Now More Likely Than Not Before Year-End

  Bond markets put the odds of an October 28 hike at 57%. Here's what the big banks are forecasting, what it means for your mortgage payment, and how to think about your next move. MoneySavings.ca · September 17, 2026 The Bank of Canada kept its overnight rate at 2.25% on September 2 — the seventh consecutive hold since the last cut in October 2025. On the surface, nothing changed. Below the surface, everything did. Governor Tiff Macklem's post-decision language was the most hawkish the Bank has sounded in over a year. He flagged that persistently high oil prices (Brent has since touched $107) and new U.S. tariffs — combined with Canada's own $27.6 billion retaliation list — are creating genuine upside risks to inflation. The BoC's August deliberations summary, released September 16, confirmed the Governing Council is now actively weighing a hike, not just a hold. The August CPI reading that came in on September 14 didn't settle anything: headline inflation held at ...
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Alberta Minister Peter Guthrie Resigns Amidst Procurement Concerns

 

In a surprising turn of events, Alberta Infrastructure Minister Peter Guthrie has resigned from his cabinet position, citing a lack of confidence in the government's procurement practices. Guthrie, who represents the United Conservative Party (UCP) as the MLA for Airdrie-Cochrane, announced his resignation on social media, expressing his concerns over inconsistencies in procurement processes across all government departments.

Guthrie's resignation comes amidst ongoing allegations of high-level interference and favoritism in multimillion-dollar health contracts within Alberta Health Services (AHS). He had previously pushed for the establishment of a Financial Oversight Committee to review major government contracts, a proposal that was not supported by the majority of the cabinet.

Premier Danielle Smith acknowledged Guthrie's resignation and reiterated the seriousness of the allegations surrounding AHS contracts. Smith emphasized that she was not involved in the procurement decisions and has directed senior civil service to retain an independent third party to investigate the matter.

Guthrie's departure has raised questions about internal divisions within the UCP government as it prepares to unveil its fiscal plan and key legislation. Despite his resignation, Guthrie intends to remain in the UCP caucus as a private member, where he plans to continue advocating for accountability and transparency in government practices.



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