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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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Cardinals Enter Seclusion for Papal Conclave Amid Historic Anticipation

In a solemn and time-honored tradition, cardinals from around the world have entered seclusion ahead of the highly anticipated conclave to elect the next pope. Taking place within the Vatican's historic Sistine Chapel, the gathering marks a pivotal moment for the Roman Catholic Church as it seeks new leadership following the resignation of Pope Francis.

The secretive nature of the conclave is designed to ensure a prayerful and undistracted environment, allowing cardinals to carefully deliberate on the future of the Church. All forms of external communication are strictly prohibited, reinforcing the gravity and sanctity of the process.

As speculation swirls regarding possible successors, Catholics and observers around the globe await the famous white smoke that will signal the election of a new pontiff. Until then, the world watches as history unfolds within the sacred walls of the Vatican.



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