Skip to main content

Featured

Bank of Canada Says More Rate Hikes Could Be Coming: What It Means for Your Mortgage and HELOC

  Canadian Money Brief  |  November 11, 2026 Bank of Canada Says More Rate Hikes Could Be Coming: What It Means for Your Mortgage and HELOC By the MoneySavings.ca team  •  6 min read The Bank of Canada raised its key rate on October 28, the first increase since 2023. Yesterday it signalled it may not be done. The summary of deliberations, released Tuesday, says Governing Council agreed there could be a need to raise the policy rate further, while taking decisions one meeting at a time. If you carry a variable-rate mortgage or a home equity line of credit (HELOC), that is a headline worth a few minutes. Here is what the Bank said, what another hike would cost, and what you can do before the next decision on December 9 . 2.50% Policy rate since Oct 28 4.70% Big-bank prime since Oct 29 3.5% BoC CPI forecast, end of 2026 Dec 9 Next rate decision What the Bank actually said The core of the story is energy. The Bank notes that the war in the Middle East is in its eig...
Post a Comment
Read more

article

Labels

Trump's Tariff Tango: Electronics in the Crosshairs

 

In a move that could reshape the global tech landscape, former U.S. President Donald Trump has hinted at imposing a separate set of tariffs on electronics as early as Monday. This announcement follows a temporary exemption granted to smartphones, computers, and semiconductors from steep reciprocal tariffs on imports from China.

Commerce Secretary Howard Lutnick confirmed that these electronics would soon face new duties, separate from the broader reciprocal tariffs. The administration's rationale? National security concerns and a push to reshore production of critical technology products. While the specifics of these tariffs remain unclear, they are expected to be lower than the 125% rate imposed on other Chinese imports.

The tech industry, including giants like Apple and Dell, is bracing for impact. The temporary reprieve has provided some breathing room, but uncertainty looms as companies and lobbyists scramble to influence the parameters of these upcoming levies.

China, meanwhile, has criticized the move as a "small step" toward correcting what it sees as wrongful actions by the U.S. The Chinese Ministry of Commerce has urged the U.S. to cancel the tariffs entirely and return to mutual respect in trade negotiations.

As the world watches, the ripple effects of these tariffs could extend far beyond the tech sector, potentially influencing global markets and trade dynamics for years to come.

Labels:

Comments

Post a Comment