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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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Liberals Secure Confidence Vote as Conservatives Face Internal Strife

 


The Liberal government has successfully weathered a second confidence vote in Parliament, reinforcing its hold on power despite mounting challenges. The vote, seen as a crucial test of the government’s stability, passed with enough support to keep the administration in place.

Meanwhile, the Conservative caucus is grappling with internal divisions that have spilled into public view. Disagreements over leadership direction and party strategy have fueled turmoil, weakening the opposition’s ability to present a united front against the Liberals.

Political analysts suggest that while the Liberals’ survival underscores their resilience, the ongoing Conservative discord may further shift the balance of power in Parliament. For now, the government remains intact, but both parties face pressing questions about their future direction and unity.


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