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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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ICE Confirms Roshel Armoured Vehicles Built in U.S. Under Buy American Rules

 

The emblem of a Roshel armoured vehicle is seen at the Canadian Association of Defence and Security Industries annual defence industry trade show CANSEC in Ottawa on Wednesday, May 28, 2025. 


U.S. Immigration and Customs Enforcement (ICE) has clarified that the fleet of armoured vehicles it recently ordered from Canadian defence manufacturer Roshel will be produced in the United States, ensuring compliance with Buy American provisions.

ICE is sole-sourcing 20 Roshel Senator emergency response tactical vehicles in a contract worth approximately $10 million CAD. The agency stated that while Roshel is headquartered in Brampton, Ontario, the production of these vehicles originates in the U.S., allowing the procurement to meet domestic manufacturing requirements.

The vehicles, designed to withstand bomb blasts and heavy gunfire, are intended to support ICE agents in high-risk field operations. Similar Roshel Senator models have previously been deployed internationally, including in Ukraine’s defence efforts against Russian aggression.

Despite repeated requests, ICE has not provided a named spokesperson for the announcement, and Roshel itself has not commented publicly on the matter. The procurement has drawn criticism from some advocacy groups concerned about the militarization of immigration enforcement, while others highlight the urgency of equipping agents with advanced protective technology.

This purchase underscores the growing role of Canadian defence firms in U.S. security operations, while also reflecting the complex balance between international partnerships and domestic production rules.

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