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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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Canada Denounces Hong Kong's Arrest Warrants as Transnational Repression

 


Canada Condemns Hong Kong's Targeting of Overseas Activists

The Canadian government has strongly condemned Hong Kong authorities for issuing arrest warrants and bounties targeting 19 overseas-based pro-democracy activists, including individuals with Canadian citizenship or ties to Canada.

In a joint statement issued by Foreign Affairs Minister Anita Anand and Public Safety Minister Gary Anandasangaree, Canada described the move as a “deeply troubling escalation” of transnational repression under Beijing’s National Security Law. The ministers emphasized that threats, intimidation, or coercion against Canadians or individuals in Canada “will not be tolerated”.

Hong Kong police allege that the activists, affiliated with a group called the Hong Kong Parliament, sought to promote self-determination and establish a “Hong Kong constitution.” Arrest warrants were issued for organizing or participating in an overseas election for the group, which was founded in Toronto in 2022.

Among those targeted are Canadian citizens and residents, with bounties ranging from HK$200,000 to HK$1 million (approximately CAD $35,000 to $175,000) offered for information leading to their arrest.

Canada’s Rapid Response Mechanism also flagged that the bounties are being amplified online through coordinated disinformation campaigns targeting Chinese-speaking communities.

The Canadian government reiterated its call for Hong Kong to repeal the National Security Law and withdraw all related warrants and bounties. Officials urged anyone in Canada who feels threatened to contact law enforcement or the RCMP’s National Security Information Network.


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