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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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Ceasefire Strained as Israeli Fire Kills Six in Gaza Short Article:

                                      Gaza City

Israeli forces opened fire on Tuesday in the northern Gaza Strip, killing at least six Palestinians in two separate incidents, according to local health authorities. The Israel Defense Forces (IDF) said its troops targeted “suspects” who had crossed a boundary line established under a U.S.-brokered ceasefire agreement, describing their actions as a violation of the deal.

The shootings occurred less than 24 hours after Hamas released the last Israeli hostages and Israel returned busloads of Palestinian detainees as part of the truce. The exchange had been hailed as a breakthrough, with U.S. President Donald Trump declaring the end of a two-year war and promising international support for Gaza’s reconstruction.

However, Tuesday’s violence has raised immediate concerns about the fragility of the ceasefire. While Israel insists its soldiers acted to neutralize a threat, Palestinian officials condemned the killings as a breach of the agreement, underscoring the deep mistrust that continues to shadow efforts toward lasting peace.



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