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

U.S. Signals Deadline for Russia-Ukraine Peace Talks

The United States has hinted at stepping away from its efforts to mediate peace between Russia and Ukraine if significant progress is not achieved in the coming days. U.S. Secretary of State Marco Rubio, speaking after high-level talks in Paris, emphasized the urgency of determining whether a peace deal is feasible in the short term.

Rubio described the discussions, which included U.S., Ukrainian, and European officials, as constructive and noted that they had outlined potential steps toward peace. However, he stressed that the U.S. cannot continue its involvement indefinitely without clear signs of progress. A follow-up meeting is expected to take place in London soon, which could be pivotal in deciding the future of these peace efforts.

The talks come amid growing concerns in Europe about the ongoing conflict and its broader implications. While some progress has been made, significant challenges remain, including disagreements over security guarantees and the conditions for a ceasefire. The U.S. administration has also faced mounting frustrations over the lack of resolution to this and other geopolitical challenges.

Rubio's remarks underline the delicate balance the U.S. is trying to maintain—pushing for peace while managing its own strategic priorities. The coming days will reveal whether these efforts can yield a breakthrough or if the U.S. will indeed "move on" from its mediation role.



Labels:

Comments

Post a Comment