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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 Issues Sunday Deadline for Hamas to Accept Gaza Deal

 

Smoke rises during an Israeli military operation in Gaza City, as seen from the central Gaza Strip, October 2, 2025. 

President Donald Trump has given Hamas until 6 p.m. Washington time on Sunday to accept his proposed plan for Gaza, warning that failure to do so will trigger consequences he described as “all HELL, like no one has ever seen before”.

The ultimatum follows Trump’s unveiling of a 20-point peace framework, endorsed by Israeli Prime Minister Benjamin Netanyahu and backed by several Arab and European nations. The plan calls for:

  • An immediate ceasefire
  • The release of all hostages held by Hamas in exchange for Palestinian prisoners in Israel
  • A phased Israeli withdrawal from Gaza
  • The disarmament of Hamas
  • The creation of a transitional governing body overseen by an international coalition

Hamas officials have not yet issued a final response, though discussions with mediators from Egypt, Qatar, and Turkey are ongoing. The group has historically rejected demands to disarm, making acceptance of the plan uncertain.

Trump, expressing frustration at the lack of progress, insisted that “every country has signed on” and urged “innocent Palestinians” to move to safer areas of Gaza ahead of potential escalation.

The deadline underscores the mounting pressure on Hamas as the conflict nears its two-year mark, with international mediators warning that the window for a negotiated settlement is rapidly closing.


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