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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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Smart Celebrations: How to Stretch Your Holiday Budget Without Sacrificing Joy

 

The holiday season often brings cheer, but it can also strain wallets. With rising costs and endless temptations, keeping spending under control requires a thoughtful approach. Here are some practical strategies to help you celebrate without financial stress:

  • Set a clear budget: Decide how much you can afford before shopping, and stick to it.
  • Prioritize experiences over things: Shared activities like baking, movie nights, or volunteering can be more memorable than expensive gifts.
  • Shop smart: Compare prices online, take advantage of seasonal sales, and avoid last-minute splurges.
  • Give creatively: Handmade gifts, personalized notes, or “time vouchers” (like babysitting or cooking a meal) often mean more than store-bought items.
  • Limit impulse buys: Make a list before hitting the stores—or browsing online—and resist adding extras.
  • Plan ahead for next year: Start a small savings fund in January to ease the burden when the holidays roll around again.

By focusing on thoughtful choices and meaningful traditions, you can enjoy the season’s magic without the financial hangover.

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