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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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Wall Street Rallies as Earnings Season Kicks Off, Trade Tensions Ease


US stocks climbed on Monday, buoyed by a temporary pause in trade-war anxieties and optimism ahead of a packed week of corporate earnings.

  • The Dow Jones Industrial Average rose about 0.7%,
  • The S&P 500 gained 0.9%,
  • The Nasdaq Composite led the charge with a gain of more than 1%.

Investors appeared willing to set aside lingering concerns over global trade disputes and inflation data delays, instead focusing on the upcoming wave of quarterly results. Heavyweights including Tesla, Intel, Netflix, and Coca-Cola are set to report this week, with analysts watching closely for signs of resilience in consumer demand and corporate margins.

Financials also drew attention, with Zions Bancorp among the first regional banks to release third-quarter results. Market watchers say the tone of earnings season could set the stage for whether the recent rally has staying power.

For now, Wall Street is breathing easier, with the easing of trade tensions offering a welcome backdrop to what promises to be a pivotal week for investors.



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