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BoC Opens the Door to Rate Hikes: What It Means for Your Mortgage

  Published September 4, 2026 The Bank of Canada held its policy rate at 2.25% on September 2 — the seventh straight hold — but Governor Tiff Macklem didn't sound like a central banker done for the year. He told reporters the Bank is "prepared to raise interest rates, and if it takes more than one increase, we're prepared to do that," if inflation stays too high. That's a real shift in tone, and it lands right as a wave of Canadians hit their mortgage renewal date. Here's what changed, who's forecasting what, and what it actually means for your payment. Why the Bank Suddenly Sounds Hawkish Canada's annual inflation rate has climbed to around 3% — a full point above the Bank's 2% target — and the Bank is pointing squarely at energy prices. Oil has stayed elevated because of the Iran conflict and disruption near the Strait of Hormuz, pushing gas prices up and dragging headline CPI with it. Core inflation, which strips out food and energy, is still s...
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Ceasefire Negotiations Between Israel and Hamas to Continue in Qatar


Efforts to establish peace in the ongoing conflict between Israel and Hamas are set to progress, with ceasefire talks anticipated to recommence in Qatar this Sunday. These discussions, facilitated by Egyptian officials, represent a critical juncture as they bring together Israeli and Hamas representatives for the first time since Ramadan began.

The proposed three-stage plan by Hamas outlines a roadmap to halt hostilities. Initially, a six-week ceasefire would involve a prisoner exchange, followed by a permanent ceasefire declaration and, ultimately, the lifting of the blockade on Gaza to allow reconstruction efforts.

Despite the complexity of the situation, with demands for a permanent ceasefire from Hamas and Israel’s objective to “annihilate Hamas,” there is a cautious optimism that these talks could mark a turning point in a conflict that has deeply affected the Gaza region and its inhabitants.

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