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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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Tensions Flare at White House as Zelensky, Trump, and Vance Clash

In a dramatic turn of events, a meeting at the White House between Ukrainian President Volodymyr Zelensky, U.S. President Donald Trump, and Vice President JD Vance erupted into a heated exchange. The meeting, initially intended to celebrate a mineral rights deal between the United States and Ukraine, quickly devolved into a shouting match.

The confrontation began when Vice President Vance accused Zelensky of showing a lack of gratitude for the aid provided by the United States to combat Russia's invasion of Ukraine. Vance's comments were met with a strong response from Zelensky, who defended his country's position and expressed the need for continued support.

President Trump, visibly frustrated, raised his voice and warned Zelensky about the potential consequences of his actions, stating that he was "gambling with World War III". The tense atmosphere in the Oval Office was palpable as the leaders exchanged sharp words in front of reporters.

The meeting, which was supposed to mark a significant step forward in U.S.-Ukraine relations, instead highlighted the deep-seated tensions and differing perspectives between the leaders. The fallout from this confrontation remains to be seen, but it has undoubtedly added a new layer of complexity to the ongoing discussions between the two nations.

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