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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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Your daily horoscope: February 26, 2025

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

There will be times over the next six months when the efforts you put in don’t seem to result in what you expect to get out. There is no cause for alarm though because the six months after that will bring rewards that make those efforts worthwhile.

ARIES (March 21 - April 20):

You may look calm on the outside but deep down your emotions are raging. Are you upset by some sort of injustice? If so, you need to get over it quickly because getting angry won’t help – but it will divert your energy away from more important issues.

TAURUS (April 21 - May 21):

The good times are well and truly here and with the approaching new moon about to highlight the friendship area of your chart your smile will keep getting wider. Spend your time only with people who share your sunny outlook on life.

GEMINI (May 22 - June 21):

If someone you work with rubs you the wrong way today you must call on all your powers of self-control and refuse to get upset. If they can see they are getting to you they will come up with even more outrageous ways to behave.

CANCER (June 22 - July 23):

You will have to confront a friend with evidence that they have been up to no good. The more they try to deny it the more obvious it will be that they are trying to cover their tracks. Remind them of their moral responsibilities.

LEO (July 24 - Aug. 23):

The planets indicate that you have been living beyond your means of late and if that is true then the new moon on Friday will make it impossible to deny. Take the cosmic hint and get your finances back in shape. It shouldn’t be too difficult.

VIRGO (Aug. 24 - Sept. 23):

Because you are in such a positive frame of mind at the moment the people around you are feeling good about themselves as well. Get together with those who share your upbeat outlook on life and do something that helps the whole world smile.

LIBRA (Sept. 24 - Oct. 23):

You may not be able to explain why certain events are taking place but that does not mean they are not important or that you can afford to ignore them. On the contrary, their occurrence suggests you will have to make some pretty big changes.

SCORPIO (Oct. 24 - Nov. 22):

You may have strong opinions about what is going on in the world but opinions alone won’t be enough to change things for the better. Every thought you have and every action you take between now and the weekend must be based on facts.

SAGITTARIUS (Nov. 23 - Dec. 21):

If family members are pressuring you to do this or do that you may have no alternative but to step back from your interactions with them and create a mental and emotional bubble around yourself. You cannot allow them to interfere in your affairs.

CAPRICORN (Dec. 22 - Jan. 20):

This is a great time to travel and socialize. Places you once had no intention of visiting now seem incredibly attractive, so start making plans and don’t worry if it is going to cost you a few dollars along the way. It will be worth it.

AQUARIUS (Jan. 21 - Feb. 19):

Cosmic activity in the money area of your chart will encourage you to look at creative ways to give your finances a boost. The closer you get to Friday’s new moon the easier it will be to get the cash flowing in rather than out.

PISCES (Feb. 20 - Mar. 20):

Your commitment to excellence is such that you might be tempted to go it alone and keep would-be partners at arm’s length, but that would be a mistake. You can do a lot on your own but with like-minded souls at your side everything becomes possible.

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