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Bank of Canada Says More Rate Hikes Could Be Coming: What It Means for Your Mortgage and HELOC

  Canadian Money Brief  |  November 11, 2026 Bank of Canada Says More Rate Hikes Could Be Coming: What It Means for Your Mortgage and HELOC By the MoneySavings.ca team  •  6 min read The Bank of Canada raised its key rate on October 28, the first increase since 2023. Yesterday it signalled it may not be done. The summary of deliberations, released Tuesday, says Governing Council agreed there could be a need to raise the policy rate further, while taking decisions one meeting at a time. If you carry a variable-rate mortgage or a home equity line of credit (HELOC), that is a headline worth a few minutes. Here is what the Bank said, what another hike would cost, and what you can do before the next decision on December 9 . 2.50% Policy rate since Oct 28 4.70% Big-bank prime since Oct 29 3.5% BoC CPI forecast, end of 2026 Dec 9 Next rate decision What the Bank actually said The core of the story is energy. The Bank notes that the war in the Middle East is in its eig...
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Tariff Turmoil: Markets React as Trump Targets Key Trading Partners

                                              

U.S. stock index futures took a sharp hit on Monday after President Trump announced steep tariffs on imports from Canada, Mexico, and China. The new measures include a 25% duty on goods from Canada and Mexico and a 10% levy on Chinese products, sparking fears of an escalating trade war and its potential to disrupt global supply chains.

Dow futures fell by more than 500 points early in the session, while both S&P 500 and Nasdaq futures dipped by around 1.5% to 2%. The sudden drop reflects mounting concerns among investors that the tariffs could trigger retaliatory measures from the affected nations, further intensifying market volatility and potentially slowing economic growth.

Analysts warn that if the trade conflict intensifies, the resulting uncertainty may push inflation higher and force the Federal Reserve to reconsider its policy stance. With key economic data and quarterly earnings reports on the horizon, traders and investors are closely monitoring the situation for further clues about the future direction of the markets.

Globally, markets from Europe to Asia have also shown signs of strain, underscoring the broad impact of the U.S. tariff policy. As nations weigh their responses, the coming days will be critical in determining whether these moves mark the start of a broader trade confrontation or a temporary market correction.


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