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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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Ukraine Stands Firm Against Crimea Surrender Amid US Peace Proposal

 

A recent peace proposal from the Trump administration has sparked outrage among Ukrainian officials. The plan, which includes recognizing Russian authority over Crimea, has been met with firm resistance. Ukrainian lawmakers and the public have declared that formally surrendering Crimea is politically and legally impossible, as it would require constitutional changes and a nationwide vote. Many view such a move as treason and a betrayal of the sacrifices made by Ukrainian service members.

While some acknowledge that temporary territorial concessions might be necessary for peace, the idea of permanently relinquishing Crimea remains a red line for Ukraine. President Zelenskyy has reiterated that Crimea will never be recognized as part of Russia, despite mounting pressure from the U.S. and ongoing conflict with Russian forces.

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