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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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Historic Arrest Warrant Issued for South Korean President Amid Political Turmoil


In a historic move, a South Korean court has issued warrants to detain impeached President Yoon Suk-yeol and search his office. This unprecedented decision follows Yoon's controversial declaration of martial law earlier this month, which has plunged the nation into its most significant political crisis in decades.

The Seoul Western District Court approved the warrants after the Joint Investigation Headquarters requested them, citing allegations of insurrection and abuse of power against Yoon. Yoon, who has been suspended from his duties since December 14 following a National Assembly vote for his impeachment, faces possible life imprisonment or the death penalty if convicted.

Yoon's brief imposition of martial law on December 3 led to widespread political turmoil, halting high-level diplomacy and rattling financial markets. Despite repeated requests by investigative authorities, Yoon has refused to appear for questioning or allow searches of his office.

The court's decision marks the first time South Korean authorities have sought to detain a sitting president. The anti-corruption agency investigating Yoon's actions has no immediate plans on how to proceed with the court-issued warrants, given the potential for clashes with the presidential security service.



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