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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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Air Canada Expands Global Routes as Canadians Look Beyond the U.S.

People walk near the Air Canada check-in area inside Terminal 1 of Toronto Pearson International Airport, in Mississauga, Ont., on Wednesday, Aug. 13, 2025. 

Air Canada is increasing flights across Canada and to international destinations as travellers show less interest in visiting the United States. The airline has strengthened its domestic network while boosting capacity in Europe, the Caribbean, and Latin America.

The shift reflects changing travel patterns, with Canadians showing renewed enthusiasm for overseas trips and sun destinations. Domestic travel is also seeing a surge, helping the airline balance reduced demand for cross-border routes.

By expanding its reach beyond the U.S., Air Canada is positioning itself to capture demand in regions where travellers feel more confident. The strategy highlights resilience and adaptability in a competitive aviation market, while offering passengers more options both at home and abroad.


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