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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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Your daily horoscope: December 9, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

The message of your birthday chart this year is that you need to be less serious about your activities in general and about relationships in particular. If you look for it you can always find a reason to laugh. Life’s funny like that.

ARIES (March 21 - April 20):

You must be realistic about your ambitions. You may be energetic and adventurous by nature but there are goals that even you, an Aries, cannot possibly reach. You can and you will taste success but you need to keep your feet on the ground.

TAURUS (April 21 - May 21):

Stop worrying about the little things that might go wrong and focus instead on the big things that are sure to go right. Keep telling yourself that you are on the verge of a breakthrough and keep believing that you deserve the best – and you’ll get it!

GEMINI (May 22 - June 21):

It may seem as if a friend or loved one is keeping things from you but while your ruling planet Mercury is going through its retrograde phase it’s likely that you have got the wrong end of the stick. Believe the best of people, not the worst.

CANCER (June 22 - July 23):

You may find it hard to get your point across as the new week begins but it’s not really a big deal so don’t let it worry you. If words don’t come easy to you try using body language instead – that’s something you are impressively fluent in.

LEO (July 24 - Aug. 23):

No, you don’t have to work twice as hard as everyone else to get yourself noticed. On the contrary, employers and other powerful people are well aware of who you are and what you can do, so keep on doing it and the rewards will follow.

VIRGO (Aug. 24 - Sept. 23):

You may be tempted to make excuses for those of your efforts that did not work out for the best but you really don’t need to. The past is over and done with and your one and only focus now should be on building a successful future.

LIBRA (Sept. 24 - Oct. 23):

It might be wise to watch what you say today because some of the people you deal with are going to be rather touchy. The slightest criticism could give them the excuse they need to start complaining about how unfair the world is to them.

SCORPIO (Oct. 24 - Nov. 22):

It is essential that you acquaint yourself with all the relevant facts and figures before offering an opinion on a matter of some importance. If there are gaps in your knowledge don’t try to bluff, just admit there are things you still need to learn.

SAGITTARIUS (Nov. 23 - Dec. 21):

It does not matter that you have been a bit slow off the mark of late because that means you won’t have made any major mistakes that you have to go back and fix later on. Some of your friends and colleagues may not be so lucky though.


CAPRICORN (Dec. 22 - Jan. 20):

If you have a clear idea of what you are trying to achieve there is no doubt at all that you will enjoy considerable success over the next few days. Time spent thinking and planning is never time wasted, especially where your long-term objectives are concerned.

AQUARIUS (Jan. 21 - Feb. 19):

Don’t worry too much if you find it difficult to get going today because most people will be feeling a little lethargic. In fact, as mind planet Mercury is going through its retrograde phase it may be a smart move to do less for a while.

PISCES (Feb. 20 - Mar. 20):

You can be a bit gullible at times, mainly because you find it hard to believe that your fellow human beings would want to cheat you, but you need to be on your guard now. Check everything you are told, even when it comes from a trusted source.

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