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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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Nationwide Backlash: Protests Erupt Over Trump’s Project 2025 Agenda

 

Activists across the United States are mobilizing to oppose former President Donald Trump and his controversial Project 2025 agenda. Organized under hashtags like #buildtheresistance and #50501, demonstrators are planning events in cities from coast to coast—many of which will take place at state capitols. According to a Reuters report, thousands gathered in Washington, D.C., to protest Trump’s upcoming inauguration amid fears that his policies will erode constitutional rights and democratic norms .

Project 2025, a 1,000‐page blueprint published by conservative think tanks and closely associated with Trump’s policy proposals, outlines sweeping changes that critics warn would dismantle key federal agencies and pave the way for an authoritarian government. The plan has drawn sharp rebuke from political scholars, civil rights groups, and legal experts who argue that its measures threaten to undermine the rule of law and consolidate executive power .

In response, grassroots groups—from advocates for women’s and LGBTQ+ rights to environmental and immigrant justice organizations—have been calling on Americans to defend democratic institutions. As noted by The Guardian, anti-Trump protests erupted in major cities such as New York, Seattle, and Washington, D.C., with demonstrators decrying policies they see as a prelude to autocratic rule .

Additional nationwide protests, such as those organized under the “50 states, 50 protests” initiative reported by FOX 9, indicate that opposition is not limited to one region but spans the entire country . Meanwhile, a Vanity Fair feature highlighted how Project 2025’s architects are openly railing against the modern administrative state, even as Trump himself distances his rhetoric from the plan .

Despite fears and heated rhetoric, organizers emphasize that the demonstrations will remain peaceful. For example, while a New York Post report on the rebranded People’s March noted a smaller-than-expected turnout in Lower Manhattan, it underscored a renewed commitment to inclusivity and coalition-building in protest of policies that many see as threatening to civil liberties .

As the debate over America’s future intensifies, these protests underscore a growing national demand for accountability and a rejection of policies perceived as a direct assault on democratic norms. Activists insist that now, more than ever, unity and continued public pressure are essential to safeguard the principles of liberty and justice in the face of an agenda they view as dangerously transformative.


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