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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 Confirms Suspect in Charlie Kirk Killing Likely in Custody



President Donald Trump announced Friday that authorities have “with a high degree of certainty” apprehended the suspect in the fatal shooting of conservative activist Charlie Kirk. The development comes just a day after federal and state officials released surveillance images and video of the alleged gunman, described as a college-aged male who blended into the crowd at Utah Valley University in Orem.

Kirk, 31, was shot in the neck while addressing an outdoor audience as part of his “American Comeback Tour.” The attack, carried out in broad daylight, sent spectators fleeing in panic. Investigators believe the shooter fired a single round from a rooftop before fleeing on foot.

Authorities have not yet released the suspect’s name or a possible motive. Utah Governor Spencer Cox confirmed more than 7,000 tips had been received during the manhunt. Trump, who called the killing a “targeted event,” said Kirk would be posthumously awarded the Presidential Medal of Freedom.

Vice President JD Vance and his wife visited Kirk’s family on Thursday, and Trump has stated he plans to attend the funeral. Kirk’s body has been transported to Arizona, where his youth-focused political organization, Turning Point USA, is based.


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