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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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Financial Stocking Stuffers: A Holiday Shopping List for Your Wallet

The holiday season isn’t just about buying gifts—it’s also the perfect time to give your finances a little cheer. Think of it as creating a shopping list, but instead of toys or gadgets, you’re filling your financial stocking with smart moves that set you up for the new year.

Your Financial Holiday List

  • Budgeting Planner: Treat yourself to clarity. Review your spending and set limits for gifts, travel, and festivities.
  • Emergency Fund Boost: Add a little “extra” to your rainy-day savings. Even a small deposit can make a big difference.
  • Debt Paydown Gift: Wrap up a portion of your credit card balance—it’s one of the best presents you can give yourself.
  • Investment Contribution: Slip a little extra into your retirement account or brokerage portfolio. Future-you will thank you.
  • Insurance Checkup: Make sure your coverage is up to date. Peace of mind is priceless.
  • Charitable Giving: Share the joy by donating to causes you care about. It’s good for the soul and may offer tax benefits.

Closing Thought

This holiday season, while you’re shopping for loved ones, don’t forget to shop for your financial well-being. A few thoughtful “purchases” now can bring lasting joy long after the decorations come down.


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