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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 ...
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Trump Orders Decisive Strikes on Yemen's Houthis, Casualties Reported


In a significant escalation, U.S. President Donald Trump has authorized a series of airstrikes targeting Houthi rebels in Yemen. The operation, described as "decisive and powerful," aims to counter the Iran-backed group's activities in the Red Sea, which have disrupted global shipping and posed threats to international security.

The strikes, carried out on Saturday, resulted in at least 31 fatalities and over 100 injuries, according to reports from Yemen's Houthi-run health ministry. Many of the casualties were women and children, highlighting the devastating impact on civilians. The attacks targeted key Houthi military sites, including missile defenses and bases in Sanaa and other regions.

President Trump emphasized the necessity of the operation, stating that the U.S. would deploy "overwhelming lethal force" to ensure the safety of American and allied vessels. He also issued a stern warning to Iran, the Houthis' primary backer, demanding an end to their support for the group.

The Houthis have condemned the strikes as a "war crime" and vowed to respond with escalation. The situation remains tense, with further actions anticipated in the coming weeks. This marks a pivotal moment in the ongoing conflict, with potential implications for regional stability and international relations.

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