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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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Canada Expands Sanctions to Target Russia’s Military and Energy Sectors

 

                                           Foreign Affairs Minister Anita Anand  


Canada has announced a new round of sanctions against Russia, intensifying pressure on Moscow over its ongoing invasion of Ukraine.

On November 12, 2025, Foreign Affairs Minister Anita Anand revealed that Canada is imposing additional measures under the Special Economic Measures (Russia) Regulations. The sanctions target 13 individuals and 11 entities, including those tied to Russia’s drone program and cyber infrastructure used in hybrid warfare strategies. For the first time, Canada has sanctioned entities supplying the digital backbone of Russia’s cyber operations against Ukraine.

The package also strikes at Russia’s energy revenues, with restrictions placed on several liquified natural gas companies. By cutting into these financial streams, Canada aims to limit Russia’s ability to fund its war effort. Minister Anand emphasized that the sanctions are designed to degrade Russia’s conventional and hybrid military capabilities, while reinforcing Canada’s leadership in countering military technologies that Russia relies on for battlefield advantage.

These measures build on Canada’s broader commitment to Ukraine, aligning with international partners to impose costs on Russia for its “unprovoked and unjustified invasion.” The announcement underscores Canada’s role as a leading voice in sanctioning military technologies and financial enablers that sustain Russia’s aggression.


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