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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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Hostage Deal Breakthrough Amidst Mourning in Israel

In a significant development, mediators have successfully brokered a breakthrough in the Gaza hostage deal, bringing hope amidst the ongoing conflict. The agreement comes as Israel mourns the tragic loss of the Bibas family, who were among the youngest hostages seized during the October 7, 2023, attack by Hamas militants.

The deal, finalized in Cairo, involves the release of hundreds of Palestinian prisoners in exchange for the bodies of Israeli hostages. This breakthrough is expected to ease tensions and maintain the fragile ceasefire between Israel and Hamas. The agreement was reached just as a funeral procession for Shiri Bibas and her two young sons, Ariel and Kfir, took place in Rishon LeZion, Israel.

The Bibas family, who were kidnapped from their home in Kibbutz Nir Oz, have become a symbol of the trauma suffered by Israel during the conflict. Thousands of mourners gathered to pay their respects, carrying Israeli flags and orange balloons, a new symbol of mourning for the hostages.

The ceasefire deal, brokered by Egyptian and Qatari mediators, includes the release of 33 Israeli hostages and around 1,900 Palestinian prisoners in its first phase. The second phase is expected to involve the release of the remaining hostages and a complete Israeli withdrawal from Gaza.

As the world watches, the hope is that this breakthrough will pave the way for lasting peace and the swift return of all remaining hostages.





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