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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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NDP Blasts Ford for Washington Trip: Ethics Complaint Filed Over Alleged Partisan Use of Taxpayer Funds

 

Ontario NDP Leader Marit Stiles has formally lodged an ethics complaint with the province’s Integrity Commissioner over Premier Doug Ford’s recent Washington, D.C. trip. The complaint alleges that Ford blurred the lines between official government business and partisan campaigning by leveraging taxpayer-funded travel for electioneering purposes. A campaign-style video—initially posted with the Progressive Conservative party logo—has come under fire for suggesting that the trip was used to boost his re-election campaign, even after the logo was later removed. 

Ford made the trip in his capacity both as Ontario’s premier and as chair of the Council of the Federation, meeting with U.S. lawmakers to counter potential punitive tariffs amid threats from President Donald Trump. Despite assertions that the visit was intended to serve Ontario’s economic interests, Stiles argues that such actions constitute a misuse of public funds. “His actions have repeatedly and intentionally blurred the lines between official provincial business and partisan promotion,” she stated, emphasizing the need for transparency and accountability. 

Critics from both the NDP and Liberal ranks contend that the trip, especially during the middle of a snap election, undermines democratic integrity by prioritizing political gain over the public good. The complaint calls for an investigation into whether government resources were inappropriately used to produce campaign content and whether proper protocols were followed during the trip. 

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