Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Trump Pushes Tariff Battle to Supreme Court After Appeals Court Setback

 

U.S. President Donald Trump has announced plans to appeal to the Supreme Court after a federal appeals court ruled that many of his sweeping tariffs were imposed without proper legal authority. The 7-4 decision by the U.S. Court of Appeals for the Federal Circuit found that Trump exceeded his powers under the 1977 International Emergency Economic Powers Act (IEEPA), which does not explicitly authorize tariffs.

The contested duties — including the so-called “Liberation Day” tariffs and fentanyl-related levies — targeted most U.S. trading partners and were central to Trump’s trade strategy. While the court allowed the tariffs to remain in place until October 14, Trump is seeking an expedited Supreme Court ruling, warning that removing them could weaken the U.S. economy.

Critics, including small businesses and several states, argue the tariffs have raised consumer prices and disrupted trade. The Supreme Court’s decision could have far-reaching implications for presidential trade powers and the future of U.S. tariff policy.


Labels:

Comments

Post a Comment