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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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FBI Investigates Motive Behind White House Ambush Shooting

 

Law enforcement respond at the scene after two National Guard members were shot near the White House in Washington, D.C., U.S., November 26, 2025. 


Federal investigators are working to uncover the motive behind a shocking ambush attack that left two National Guard members critically wounded just blocks from the White House on Thanksgiving eve. The FBI’s Joint Terrorism Task Force is leading the probe after authorities identified the suspect as Rahmanullah Lakanwal, a 29-year-old Afghan national who entered the U.S. in 2021.

The incident unfolded near the Farragut West Metro Station in Washington, D.C., where Guard members were conducting a high-visibility patrol. Officials say the suspect opened fire suddenly, striking two soldiers before being subdued in a gunfight with other troops. Both Guardsmen remain hospitalized in critical condition.

FBI Director Kash Patel described the shooting as an “ambush” and a targeted attack, while D.C. Mayor Muriel Bowser echoed concerns that the violence was deliberate. President Donald Trump, who was in Florida at the time, condemned the act as terrorism and vowed severe consequences for the attacker.

Authorities are now examining whether the suspect acted alone or was influenced by extremist ideology. The Department of Homeland Security confirmed Lakanwal’s identity and noted his arrival in the U.S. during the chaotic Afghanistan withdrawal. Federal agencies are treating the case as a potential act of terrorism, though the precise motive remains unclear.

The attack has reignited debate over the deployment of National Guard troops in Washington, a mission ordered months ago by President Trump and challenged in court by D.C. officials. As investigators search for answers, the nation grapples with the unsettling reality of violence striking at the heart of its capital.

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