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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 Warns of “Massive Sanctions” on Russia Amid Stalled Ukraine Peace Efforts

 

                                            US President Donald Trump


US President Donald Trump has renewed his warning to impose sweeping sanctions or tariffs on Russia if no progress is made toward a Ukraine peace agreement within the next two weeks. Speaking from the White House, Trump expressed frustration over the lack of movement since his recent Alaska meeting with Russian President Vladimir Putin, where he had pushed for a direct summit between Putin and Ukrainian President Volodymyr Zelenskyy.

Trump condemned a recent Russian strike on a US-owned factory in Ukraine, calling it “unacceptable” and reiterating his dissatisfaction with the ongoing war. Zelenskyy, for his part, accused Moscow of deliberately stalling negotiations, while Russian Foreign Minister Sergey Lavrov insisted no summit could take place without a prepared agenda.

The standoff underscores the deep divisions between the two nations, with Trump signaling that his decision—whether to escalate economic pressure or step back—will hinge on developments in the coming fortnight.

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