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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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U.S. Move to Dismiss Asylum Cases Raises Alarms Nationwide

US Border Patrol agents gather and sort migrants who overnight gathered between the primary and secondary border walls that separate Mexico and the United States, in San Diego, California.

The U.S. government has begun a sweeping effort to dismiss thousands of asylum cases, a shift that could significantly alter the country’s immigration system and leave many migrants uncertain about their future. Federal attorneys have reportedly instructed immigration judges to close cases outright, arguing that many applicants can be removed to third countries rather than their home nations.

This approach represents a major escalation in the administration’s broader immigration strategy. Instead of allowing asylum seekers to present their claims in court, government lawyers are pushing for dismissals without hearings, potentially sending individuals to countries with which they have no direct ties.

The effort appears to be unfolding across major immigration hubs, including New York, Miami, Los Angeles, San Francisco, Atlanta, and several Texas cities. With more than two million asylum cases pending nationwide, the policy could dramatically reshape the backlog — and the lives of those waiting for decisions.

Immigrant advocates warn that mass dismissals could undermine due process and place vulnerable people at risk. Meanwhile, federal agencies have not publicly commented on the reported strategy, leaving many questions unanswered.

As the administration signals a tougher immigration posture, thousands of asylum seekers now face an uncertain path forward.


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