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Lock In or Wait? Why Two Big Banks Say Rates Are Going Up in October

  Published September 2, 2026 The Bank of Canada did exactly what all 35 economists in Reuters' latest poll expected today: it held its overnight rate at 2.25% for a sixth straight decision, keeping the prime rate at 4.45%. Bond markets had priced in barely a 3% chance of anything else. What's not settled is what happens next — and on that question, Canada's biggest banks are more split than they've been all year. Four of the Big Six expect the Bank to sit tight through the end of 2026. Two expect it to start hiking as soon as October. If you're renewing a mortgage in the next few months, that gap isn't academic — it's the difference between locking in now and gambling on a rate cycle turning against you. The Split, Bank by Bank Here's where the six largest banks stand on where the overnight rate lands by the end of 2026: Bank Year-end 2026 call Stance BMO 2.25% (hold) Hold camp CIBC 2.25% (hold) Hold camp RBC 2.25% (hold) Hold camp TD 2.25% (hold) Hold...
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World Court Orders Israel to Address Gaza Famine: Urgent Measures Required

In a unanimous ruling, the International Court of Justice (ICJ) has ordered Israel to take immediate and effective action to ensure that basic food supplies reach the Palestinian population in Gaza without delay. The situation in Gaza has reached a critical point, with worsening conditions of life, famine, and starvation spreading among the population.

The ICJ’s order comes in response to a request by South Africa, which is part of an ongoing case accusing Israel of state-led genocide in Gaza. The court had previously ordered Israel to refrain from acts that could fall under the Genocide Convention and to prevent genocidal acts against Palestinians in Gaza. Now, the court has reaffirmed those measures and added new requirements.

Key Measures Ordered by the ICJ:

  1. Unhindered Provision of Basic Services: Israel must ensure the uninterrupted provision of essential services, including food, water, electricity, and medical supplies to Palestinians throughout Gaza.

  2. Increased Capacity and Number of Land Crossings: The court specifically calls for Israel to increase the capacity and number of land crossing points, keeping them open for as long as necessary. This move aims to facilitate the efficient transfer of humanitarian aid.

  3. Reporting Requirement: Israel is required to submit a report within a month detailing how it has implemented the court’s ruling.

The urgency of this situation cannot be overstated. The people of Gaza are facing not just a risk of famine but an actual crisis. The ICJ’s ruling emphasizes the need for immediate action to prevent further suffering and loss of life.

As the international community watches, Israel’s compliance with these orders will be closely monitored. The hope is that these measures will alleviate the suffering of the Palestinian population in Gaza and prevent further tragedy.


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