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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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Hezbollah Attacks Israeli Military Sites with Rockets and Drones

 

Lebanon’s Hezbollah has escalated hostilities on Lebanon’s southern border by launching rockets and weaponized drones at nine Israeli military sites. This coordinated attack comes in retaliation for an Israeli strike that killed a senior Hezbollah field commander. The group fired volleys of Katyusha and Falaq rockets at six Israeli military locations, with more than 100 rockets fired simultaneously. Additionally, Hezbollah launched attack drones at Israel’s northern command, an intelligence headquarters, and a military barracks. This drone attack, involving at least 30 drones, marks the group’s largest to date in the ongoing conflict. Tensions between Hezbollah and Israel have intensified since the eruption of the Gaza war in October, with both sides trading fire. Thursday’s attack is a direct response to the killing of the Hezbollah commander and follows at least eight previous retaliatory attacks on Wednesday.


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