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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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Netanyahu Vows to Defend Israeli Military Unit Against U.S. Sanctions


Israeli Prime Minister Benjamin Netanyahu has pledged to fight against any sanctions imposed on Israeli military units by the United States. The focus of concern is the Netzah Yehuda battalion, which has been accused of human rights violations in the occupied West Bank. Reports suggest that Washington is considering measures against this battalion for alleged rights violations.

Netanyahu’s statement came in response to Axios news site’s report that the U.S. was planning to impose sanctions on the Netzah Yehuda battalion. The Israeli military, however, maintains that the battalion operates according to international law principles. The situation follows U.S. Secretary of State Antony Blinken’s determination that Israel had violated the Leahy law, which prohibits providing military assistance to units committing gross human rights violations.

As tensions continue in the Middle East, Netanyahu’s commitment to defending the Israeli military unit underscores the complex geopolitical landscape in the region.


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