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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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Intensified Immigration Raids Target New Orleans

 

Federal agents began hitting the streets of New Orleans on Wednesday in the Trump administration's latest immigration crackdown across the U.S., looking to round up immigrants accused of violent crimes, a U.S. Homeland Security official said.


The Trump administration has launched a new wave of immigration enforcement actions in New Orleans, marking the latest escalation in its crackdown on undocumented immigrants. Federal agents conducted coordinated raids across the city, focusing on workplaces and neighborhoods with large immigrant populations.

Officials stated the operation was part of a broader national strategy to enforce immigration laws more aggressively. Supporters argue the measures are necessary to uphold border security and deter illegal entry. Critics, however, warn that such raids instill fear in immigrant communities, disrupt families, and strain local economies.

Community organizations in New Orleans have mobilized to provide legal assistance and support for affected families. Advocacy groups continue to call for comprehensive immigration reform, emphasizing the need for policies that balance enforcement with humanitarian protections.


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