Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

White House Showdown: Trump and King Abdullah Clash Over Gaza’s Future

 

At the White House on Tuesday, President Donald Trump is set to meet with Jordan’s King Abdullah II in what promises to be a high-stakes discussion on the future of Gaza. In recent days, Trump has pushed a controversial proposal envisioning the transformation of the war‐torn Gaza Strip into what he calls the “Riviera of the Middle East.” His plan would require relocating Gaza’s Palestinian residents to neighboring Arab states—including Jordan and Egypt—a proposal that has already sparked widespread outrage in the region and raised fears of further instability.

The meeting comes amid heightened tensions surrounding a fragile ceasefire between Israel and Hamas. After Hamas announced a pause in the release of hostages—accusing Israel of violating the truce—Trump intensified his rhetoric, suggesting that if Jordan and Egypt do not accept Gaza refugees, he might withhold critical U.S. aid to these longtime allies. 

King Abdullah, known for his pragmatic approach to regional security, is expected to push back strongly against the proposal. Concerned that the influx of additional refugees could destabilize Jordan and undermine prospects for a two-state solution, the Jordanian monarch is likely to emphasize national dignity and long-standing regional dynamics in his response. 

As global attention remains fixed on the evolving crisis in Gaza, this tense encounter at the White House could signal a turning point in U.S.–Arab relations. Observers are keen to see whether a compromise can be reached or if divergent visions for the Middle East will further widen existing divides. 


    Labels:

    Comments

    Post a Comment