Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Southern Ontario Braces for Dangerous Lake-Effect Snow Squalls

 

                                           Southern Ontario snow totals - Nov 25  

Southern Ontario is preparing for a major lake-effect snow squall event that could deliver 20–30+ cm of snow across regions east and southeast of Lake Huron and Georgian Bay. The system is expected to begin Wednesday night and persist through Friday, bringing treacherous conditions to communities in the province’s snowbelt.

Forecasters warn that shifting snow squall bands will spread accumulation across a wider area rather than concentrating on a single community. This means more residents will face hazardous conditions, including whiteouts, blowing snow, and drifting snow. Wind gusts of 50–60+ km/h are forecast through Thursday, which could reduce visibility to near zero and lead to road closures in affected areas.

The snow squalls are being fueled by a strong winter storm tracking through northern Ontario, which is dragging down Arctic air and intensifying winds across the Great Lakes Basin. Southern Ontario will first see rain and strong winds Wednesday afternoon, with gusts reaching 60–80+ km/h in cities such as Windsor, London, Toronto, and Kingston, before the system transitions into heavy snow.

Authorities are urging drivers to exercise caution, as conditions may change suddenly and travel could become dangerous. Those who have not yet installed winter tires are advised to do so immediately, as the cold, active weather pattern is expected to continue into early December.

This event marks one of the first significant winter weather systems of the season, and with the potential for whiteout conditions and multi-day impacts, residents should prepare for disruptions to travel and daily routines.

Labels:

Comments

Post a Comment