Skip to main content

Featured

BoC Decision Day: What a Hold at 2.25% Means for Your Mortgage

  Published September 2, 2026 Tomorrow's date has been sitting at the bottom of every Canadian Money Brief for weeks, and it's finally here. The Bank of Canada announces its overnight rate decision on Wednesday, September 2 at 9:45 a.m. ET, with Governor Tiff Macklem holding a press conference at 10:30. Every economist polled by Reuters — all 35 of them — expects the same outcome: a hold at 2.25%, the eighth straight meeting without a move. That's the headline. The more useful question for your wallet is what a "boring" hold actually does — and doesn't do — to your mortgage, and why two of the Big Six banks think the boring streak is about to end. Why a hold is the almost-certain call The Bank has a genuinely awkward setup heading into this meeting. On one side, the economy just posted its best quarter in years: GDP grew at a 3.3% annualized pace in the second quarter, well ahead of the Bank's own 2.5% forecast, and July's jobs report added a blowout ...
Post a Comment
Read more

article

Labels

Mark Carney to Contest Nepean Seat in Upcoming Election

Mark Carney, the leader of the Liberal Party and former governor of the Bank of Canada, has announced his candidacy for the Ottawa riding of Nepean in the upcoming federal election. This decision follows the party's recent revocation of Chandra Arya's nomination, who has represented the riding since 2015. Carney's move to run in Nepean places him in close proximity to Conservative Leader Pierre Poilievre, who is seeking re-election in the neighboring riding of Carleton. The election is set to take place on April 28, marking a pivotal moment in Canadian politics. 

Carney's candidacy is expected to bring significant attention to the Nepean riding, as he aims to secure a seat in the House of Commons while leading the Liberal Party's campaign.

Labels:

Comments

Post a Comment