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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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Calgary Dentist Faces Prison for $680K Insurance Fraud

 

Calgary dentist Alena Smadych pleaded guilty to fraud in June, admitting to falsely billing insurance companies when she was the owner of a local dental clinic


A Calgary dentist who admitted to defrauding insurance companies of more than $680,000 could spend up to three years in prison, according to Crown prosecutors.

Dr. Alena Smadych, former owner of All About Family Dental, pleaded guilty to fraud earlier this year after submitting falsified claims to multiple insurers between 2013 and 2023. Initially, she admitted to more than $125,000 in phoney billings to Sun Life and Blue Cross, but subsequent investigations revealed additional fraudulent claims totaling $558,000 across three more companies.

The Crown argued during Friday’s sentencing hearing that Smadych’s actions represented a decade-long scheme that undermined trust in the insurance system. Her clinic was once the highest billing practice in Canada for root canals, raising red flags that eventually led to investigations.

Justice Gord Wong heard that Smadych has since made full restitution to the affected companies, but prosecutors maintain that the seriousness of the fraud warrants a custodial sentence. The defence is expected to argue for a lighter penalty, citing her cooperation and repayment.

The case highlights growing concerns about insurance fraud in the healthcare sector, where inflated or falsified claims can cost companies—and ultimately patients—millions. A final sentencing decision is expected in the coming weeks.

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