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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 Vows to Defend Against Trump’s $5 Billion Lawsuit Threat

 

                                            People outside BBC Broadcasting House, in London    


The BBC has declared it is “determined to fight” any legal action brought by U.S. President Donald Trump, after he announced plans to sue the broadcaster for up to $5 billion over its handling of his January 6 speech.

In an internal email to staff, BBC chair Samir Shah emphasized that there is “no basis for a defamation case” and reassured employees that the corporation would vigorously defend itself. Shah noted the broadcaster’s responsibility to protect licence fee payers and insisted that the BBC would not seek a settlement, despite speculation about potential costs.

The controversy stems from a Panorama documentary that edited together separate parts of Trump’s speech, creating the impression that he had directly incited supporters to march on the U.S. Capitol. The BBC has since apologized for the misleading edit, acknowledging it unintentionally misrepresented the timeline of Trump’s remarks. However, the corporation maintains that the error does not amount to defamation.

Trump, speaking to reporters, said he intends to file the lawsuit “probably sometime next week,” claiming the edit was a deliberate attempt to damage his reputation during the 2024 presidential campaign. His legal team has demanded a retraction and compensation, warning the BBC to “govern itself accordingly”.

The case highlights the ongoing tension between Trump and major media organizations, many of which have faced similar threats in recent years. Analysts suggest the BBC’s firm stance signals its intent to resist political pressure and defend its editorial independence.

In summary: The BBC has apologized for its editing error but rejects Trump’s defamation claims, pledging to fight any lawsuit in court rather than settle.

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