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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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Europe's Stand: Ukraine's Voice Must Shape Its Future

 

Trump plans to meet Putin in Alaska on Friday, saying the parties, including Ukrainian President Volodymyr Zelenskiy, were close to a deal.


As anticipation builds ahead of the upcoming Trump-Putin summit in Alaska, European leaders have made their position unmistakably clear: Ukraine’s future must be determined by Ukrainians themselves. The summit, scheduled for August 15, aims to explore a resolution to the three-and-a-half-year war between Russia and Ukraine. However, proposed territorial concessions have sparked widespread concern across Europe.

French President Emmanuel Macron emphasized that “Ukraine's future cannot be decided without the Ukrainians, who have been fighting for their freedom and security for over three years now”. This sentiment was echoed by other European heads of state, who warned that any peace deal excluding Kyiv’s direct involvement would undermine both Ukrainian sovereignty and European security.

Ukrainian President Volodymyr Zelenskyy has firmly rejected any suggestion of ceding territory, stating, “Ukrainians will not give their land to the occupier”. European officials have reportedly presented a counterproposal to the U.S., insisting that any territorial exchange must be reciprocal and accompanied by robust security guarantees.

The summit’s outcome remains uncertain, but one principle is gaining traction: peace cannot be brokered over Ukraine without Ukraine at the table. As Macron put it, “Europeans will also necessarily be part of the solution, as their own security is at stake”.


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