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Lock In or Wait? Why Two Big Banks Say Rates Are Going Up in October

  Published September 2, 2026 The Bank of Canada did exactly what all 35 economists in Reuters' latest poll expected today: it held its overnight rate at 2.25% for a sixth straight decision, keeping the prime rate at 4.45%. Bond markets had priced in barely a 3% chance of anything else. What's not settled is what happens next — and on that question, Canada's biggest banks are more split than they've been all year. Four of the Big Six expect the Bank to sit tight through the end of 2026. Two expect it to start hiking as soon as October. If you're renewing a mortgage in the next few months, that gap isn't academic — it's the difference between locking in now and gambling on a rate cycle turning against you. The Split, Bank by Bank Here's where the six largest banks stand on where the overnight rate lands by the end of 2026: Bank Year-end 2026 call Stance BMO 2.25% (hold) Hold camp CIBC 2.25% (hold) Hold camp RBC 2.25% (hold) Hold camp TD 2.25% (hold) Hold...
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Runway Chaos at Toronto Pearson: Delta Flight 4819 Flips, 18 Injured

 

Delta Connection Flight 4819—a Bombardier CRJ900 operated by Endeavor Air—crashed during landing at Toronto Pearson International Airport on Monday amid challenging winter conditions. The jet touched down amid gusty winds and lingering snowfall before losing control and flipping onto its roof. All 80 passengers and crew survived the dramatic incident, although at least 18 people sustained injuries, including one critically injured child and two adults who required air ambulance transport to local hospitals. 

Emergency response teams swiftly evacuated everyone from the overturned aircraft, and airport operations were temporarily suspended while investigators from the Transportation Safety Board of Canada and the U.S. National Transportation Safety Board began probing the incident. 

Delta Air Lines expressed relief that no lives were lost and extended thanks to first responders on site. The airline’s incident response team has been deployed to assist those affected, as the investigation continues to determine whether the severe weather or other factors contributed to the loss of control during landing. 


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