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

U.S. Imposes 50% Tariffs on Canadian Steel and Aluminum Amid Trade Tensions

In a significant escalation of trade tensions, U.S. President Donald Trump has announced a 50% tariff on all steel and aluminum imports from Canada, effective midnight. This decision doubles the previously threatened 25% tariff and comes in response to Ontario's recent imposition of a 25% surcharge on electricity exports to the United States.

The move has sparked concerns about its potential impact on both economies. Canadian officials have expressed dismay, warning of retaliatory measures, while U.S. manufacturers and consumers brace for higher costs. President Trump has also hinted at further tariffs on Canadian automobiles if the dispute remains unresolved.

This development marks a new chapter in the ongoing trade disputes between the two nations, with significant implications for industries and markets on both sides of the border.

Labels:

Comments

Post a Comment