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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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AI Momentum Lifts Wall Street as AMD Surges on OpenAI Deal

Wall Street futures pointed to a higher open on Monday, fueled by renewed enthusiasm for artificial intelligence. Advanced Micro Devices (AMD) led the charge, with shares soaring more than 30% in premarket trading after announcing a major chip-supply partnership with OpenAI.

The deal positions AMD as a key player in powering next-generation AI infrastructure, sparking optimism across the tech sector. Futures tied to the Nasdaq 100 climbed nearly 1%, while S&P 500 and Dow futures also advanced, extending last week’s rally.

The upbeat sentiment comes despite ongoing concerns over the prolonged U.S. government shutdown, which has delayed key economic data releases. Investors are now looking ahead to the upcoming earnings season and the Federal Reserve’s next policy decision, with expectations of a potential rate cut.

Beyond AMD, crypto-related stocks gained as bitcoin hovered near record highs, while Tesla shares rose after teasing a new event. Analysts caution, however, that elevated valuations in the tech sector could test the durability of the AI-driven rally.



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