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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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Trump Proposes Tariff Reduction Amid Trade Talks with China


In a surprising move, former U.S. President Donald Trump has suggested reducing tariffs on Chinese imports from 145% to 80% ahead of a crucial trade meeting between top U.S. and Chinese officials in Switzerland. This proposal marks a potential shift in the ongoing trade war, which has seen escalating tariffs from both nations.

Trump announced his stance on social media, stating that an 80% tariff "seems right" and urging China to open its markets to American goods. The upcoming discussions, led by U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer, aim to address concerns over the impact of tariffs on consumer prices and global trade stability.

The trade war, which began during Trump's presidency, has significantly affected both economies, with China retaliating against U.S. tariffs by imposing its own restrictions. While Trump had previously resisted lowering tariffs, his latest remarks suggest a willingness to negotiate if the talks yield positive results.

As global markets react to the possibility of reduced trade tensions, analysts are watching closely to see whether this proposal will lead to a meaningful agreement between the two economic giants. The outcome of the weekend talks could shape the future of U.S.-China trade relations and influence broader economic policies worldwide.

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