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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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Danielle Smith's Call to Pause U.S. Tariffs Sparks Debate

 

Alberta Premier Danielle Smith has stirred controversy following her remarks during a recent interview with a U.S. media outlet. Smith revealed that she had urged the Trump administration to temporarily halt tariffs on Canadian goods until after Canada's federal election. She argued that the ongoing trade dispute was inadvertently boosting support for the Liberal Party, potentially impacting the Conservative Party's chances in the election.

Smith's comments have drawn criticism from various political leaders and analysts. Some have accused her of inviting foreign interference in Canadian politics, a claim her office has strongly denied. Critics argue that her plea prioritizes political strategy over the well-being of Canadians affected by the tariffs.

While Smith maintains that her request was aimed at fostering a fair resolution to the trade dispute, the debate over her remarks continues to dominate political discourse in Canada.

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