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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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Turkey to Host Urgent Talks on Gaza Ceasefire Amid Fears of Renewed Violence

                                    Israeli military personnel operate on the Israeli side of the Israel-Gaza border

Turkey announced that it will host a high-level meeting in Istanbul on Monday to address the fragile ceasefire in Gaza and discuss next steps for stability in the region. Turkish Foreign Minister Hakan Fidan confirmed that foreign ministers from several Muslim-majority countries will attend.

The gathering comes amid growing concerns that the current ceasefire may not hold, with discussions expected to focus on the creation of a Gaza stabilization force and broader efforts to ensure long-term peace. Fidan emphasized that the talks will evaluate how to move into a “second stage” of the peace process, which could involve international cooperation on security and humanitarian measures.

Countries invited to the meeting include Qatar, Saudi Arabia, Egypt, the United Arab Emirates, Jordan, Pakistan, and Indonesia, alongside Turkey. These states have been actively engaged in diplomatic efforts to prevent further escalation and to explore frameworks for reconstruction and governance in Gaza.

The timing of the meeting underscores the delicate balance of the ceasefire, which has faced repeated challenges in recent weeks. While regional leaders have expressed cautious optimism, Israeli Prime Minister Benjamin Netanyahu has signaled opposition to any role for Turkish security forces in Gaza, raising questions about the feasibility of proposed stabilization plans.

As the international community watches closely, Monday’s talks in Istanbul are expected to be a critical test of whether regional diplomacy can sustain the ceasefire and lay the groundwork for a more durable peace.

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