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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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London Paralysed as Tube Strikes Bring City to a Standstill

                                            Waterloo Station earlier this morning

London is facing severe travel disruption as a week of rolling strikes by the Rail, Maritime and Transport (RMT) union has brought much of the Underground network to a halt. The industrial action, which began on Sunday, September 7, is set to continue until Thursday, September 11, with different groups of workers walking out each day.

The dispute centres on pay, working hours, and conditions, with the RMT demanding a 32-hour working week and improved fatigue management. Transport for London (TfL) has offered a 3.4% pay rise, calling it “fair,” but says it cannot meet the union’s demands for reduced hours.

Every Underground line is affected, with TfL warning of “little to no service” on most days. The Docklands Light Railway (DLR) will also be shut on September 9 and 11, compounding the chaos. While the Elizabeth line, London Overground, buses, and trams remain operational, they are expected to be overcrowded as commuters scramble for alternatives.

The strikes have already forced the postponement of major events, including Coldplay’s Wembley concerts and Post Malone’s Tottenham Hotspur Stadium shows, due to the lack of safe transport for tens of thousands of fans.

With negotiations stalled and public frustration mounting, Londoners are bracing for a long week of gridlock and disruption.


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