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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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Liberals Secure Fourth Mandate Amid Political Shifts

The Liberal Party of Canada has achieved a historic fourth consecutive mandate, led by Prime Minister Mark Carney. This victory marks a significant rebound for the party, which faced challenges following the resignation of former Prime Minister Justin Trudeau earlier this year. 

While the final count of seats remains uncertain, early projections suggest the Liberals may form a minority government, requiring collaboration with other parties to pass legislation. Carney, who won his Ottawa-area riding, emphasized unity and inclusivity in his victory speech, promising to govern for all Canadians. 

The election saw a dramatic collapse in support for the New Democratic Party, with leader Jagmeet Singh announcing his resignation after losing his seat. Meanwhile, Conservative leader Pierre Poilievre vowed to hold the Liberal government accountable, despite trailing in his own riding. 

This election unfolded against the backdrop of economic tensions with the United States, housing affordability concerns, and climate policy debates. Canadians now await the final seat count to determine the shape of their next government.

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