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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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Rare Fuel Delivery Reaches Gaza Amid Humanitarian Crisis

 


Egyptian TV Reports Unusual Arrival of Fuel Trucks for Gaza

In a rare and significant development, Egyptian state television has reported the arrival of fuel trucks into the Gaza Strip, marking a crucial moment in the region’s ongoing humanitarian crisis. The delivery, which crossed through the Rafah border crossing, comes amid growing international pressure to ease the blockade and provide essential supplies to the besieged enclave.

The fuel is expected to support critical infrastructure, including hospitals, water treatment facilities, and power stations, many of which have been operating at minimal capacity due to severe shortages. Local officials and aid organizations have long warned that the lack of fuel threatens to collapse vital services and worsen the already dire living conditions for Gaza’s 2.3 million residents.

While the exact quantity and duration of the fuel deliveries remain unclear, the move signals a potential shift in regional cooperation and humanitarian access. Egyptian authorities have not commented on whether this delivery is part of a broader agreement or a one-time exception.

International observers continue to monitor the situation closely, hoping this rare gesture will pave the way for sustained aid and relief efforts in Gaza.

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