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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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Voices of Resistance: Israelis Rally Against Gaza War Expansion

 

                                    Protesters gather in a demonstration organised by the families of Israeli captives calling for action to secure their release outside the Defence Ministry headquarters in Tel Aviv.


Thousands of Israelis have taken to the streets in Jerusalem, Tel Aviv, and other cities to protest Prime Minister Benjamin Netanyahu’s plan to expand military operations in Gaza. The move, approved by Israel’s security cabinet, includes taking control of Gaza City and establishing a new civil administration that excludes both Hamas and the Palestinian Authority.

The protests are being led by families of hostages still held in Gaza, many of whom fear that further military escalation will jeopardize their loved ones’ lives. “Expanding the fighting endangers the hostages and the soldiers,” one group posted on social media. Demonstrators carried photos of the captives and demanded the government prioritize their release over military objectives.

Among the protesters are over 350 former soldiers who have publicly refused to continue serving in what they call “Netanyahu’s political war.” Max Kresch, a former combat soldier, stated, “We’re refusing to continue to serve in a war that endangers hostages and starves innocent Palestinians”.

The plan has also drawn criticism from military officials, including Chief of Staff Lt. Gen. Eyal Zamir, who warned that a full occupation of Gaza could be a strategic trap. International backlash has intensified, with countries like Germany halting military exports to Israel and others urging a ceasefire to prevent further humanitarian catastrophe.

Despite mounting pressure, Netanyahu remains defiant, insisting that the plan will “free Gaza from Hamas” and help secure the hostages’ release. However, polls suggest that a majority of Israelis favor a negotiated deal with Hamas over continued military action.

The protests reflect a growing divide within Israeli society—between those who support a hardline approach and those who believe diplomacy is the only path to peace and the safe return of hostages.


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