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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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BBC Faces Leadership Shake-Up as Top Executives Resign

                                            BBC Director-General Tim Davie

The BBC has been thrust into turmoil following the sudden resignations of Director General Tim Davie and News Chief Deborah Turness. Their departures mark a significant leadership vacuum at the broadcaster, which is already grappling with mounting political and public scrutiny over its editorial direction and funding challenges.

Davie, who took the helm in 2020, was credited with steering the corporation through a period of intense debate over impartiality and digital transformation. Turness, appointed in 2022, brought extensive international experience to the BBC’s news division, aiming to modernize its global coverage.

The resignations have sparked urgent discussions among the BBC Board and government officials about the future of the organization. Analysts suggest the broadcaster now faces a critical test in maintaining public trust while navigating financial pressures and the rapidly evolving media landscape.


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