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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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A Solemn Farewell: Pope Francis's Journey to St. Peter's Basilica

In a deeply moving ceremony, the body of Pope Francis was transported from his residence at the Santa Marta guesthouse to St. Peter's Basilica in Vatican City. The 88-year-old pontiff, who passed away two days ago, was carried in an open coffin by 14 pallbearers dressed in black suits and white gloves. The procession was accompanied by red-hatted cardinals, priests, and Swiss Guards, as a male choir chanted psalms and prayers in Latin.

Thousands of mourners gathered in St. Peter's Square, breaking into applause as the coffin passed—a traditional Italian gesture of respect. The bells of the basilica tolled solemnly, marking the end of Pope Francis's 12-year papacy, which was characterized by his progressive reforms and advocacy for inclusivity.

The late pope's body will lie in state at St. Peter's Basilica for three days, allowing the faithful to pay their respects before his funeral on Saturday. His final resting place will be the Basilica of Santa Maria Maggiore, reflecting his humble wishes for a simpler ceremony.

Pope Francis's legacy as a compassionate and reformative leader continues to resonate with Catholics and admirers worldwide.

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