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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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Diplomatic Tensions Rise Over Alleged U.S. Covert Efforts in Greenland

                                           Denmark's Foreign Minister Lars Lokke Rasmussen.

Denmark has formally summoned the top U.S. diplomat in Copenhagen following reports that individuals linked to former U.S. President Donald Trump allegedly engaged in covert influence campaigns in Greenland.

According to Danish public broadcaster DR, at least three Americans sought to foster ties with Greenlandic political figures, business leaders, and community members in an effort to build support for the territory’s independence from Denmark — and closer alignment with the United States.

Foreign Minister Lars Løkke Rasmussen condemned any such interference as “completely unacceptable,” stressing that decisions about Greenland’s future rest solely with its people. The U.S. embassy has yet to issue a comment.

Greenland, a semi-autonomous Danish territory, holds strategic significance due to its mineral wealth and location in the rapidly changing Arctic region, where global powers are vying for influence. This latest incident underscores the geopolitical competition unfolding as climate change opens new maritime and resource opportunities.



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