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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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Conservative Leader Poilievre Pledges Arctic Military Base and Icebreakers


In a bold move aimed at bolstering Canada's presence in the Arctic, Conservative Leader Pierre Poilievre announced plans to establish a military base, purchase two polar icebreakers for the Royal Canadian Navy, and double the size of the Canadian Rangers patrol group if his party forms the next government.

Speaking in Iqaluit, Poilievre emphasized the importance of securing Canada's northern borders and ensuring the safety and sovereignty of the Arctic region. The proposed military base would serve as a strategic hub for operations in the North, while the new icebreakers would enhance the Royal Canadian Navy's ability to navigate and patrol the increasingly accessible Arctic waters.

The expansion of the Canadian Rangers, a group responsible for patrolling the northernmost areas of Canada, would further strengthen the country's ability to respond to emergencies and protect its interests in the region.

Poilievre's pledge comes at a time when Arctic nations are increasingly focused on the strategic and economic potential of the region, driven by climate change and the melting of polar ice. The proposed initiatives are expected to create jobs and stimulate economic growth in the Arctic communities.

As the political landscape heats up, Poilievre's commitment to the Arctic is likely to resonate with voters concerned about national security and economic opportunities in Canada's northern frontiers.




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