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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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Zelensky Stands Firm Against U.S. Pressure on Territorial Concessions

 


Ukraine's President Volodymyr Zelenskyy and Pope Leo XIV wave to journalists during their meeting in Castel Gandolfo, Italy, Tuesday, Dec. 9, 2025.


Ukrainian President Volodymyr Zelensky has once again made clear that Ukraine will not cede any territory to Russia, despite mounting pressure from the United States to consider compromises in ongoing peace negotiations. Speaking to reporters, Zelensky emphasized that Ukraine has “no right to give anything away” under its constitution, international law, or moral principles.

Zelensky’s remarks come at a critical moment as Washington pushes for a peace plan that could involve painful concessions, including territorial losses. The Ukrainian leader, however, has been rallying European allies to support Kyiv’s position. In recent days, he met with Pope Leo XIV at Castel Gandolfo near Rome and held talks with Italian Prime Minister Giorgia Meloni, underscoring his diplomatic efforts to strengthen Ukraine’s backing across Europe.

The refusal to cede land highlights Zelensky’s determination to resist both Moscow’s demands and U.S. pressure. He framed the issue not only as a matter of law but also of national dignity, declaring that Ukraine is fighting precisely to preserve its sovereignty and territorial integrity. His stance has resonated with European leaders, including those in London, where he met with French President Emmanuel Macron, German Chancellor Friedrich Merz, and British Prime Minister Keir Starmer.

While the U.S. administration under President Donald Trump has sought to broker a peace deal, Zelensky’s firm rejection of territorial concessions signals that Kyiv is unwilling to compromise on its core principles. This position may complicate negotiations but reinforces Ukraine’s commitment to defending its independence against Russian aggression.

In summary, Zelensky’s refusal to yield territory underscores Ukraine’s unwavering stance: sovereignty is non-negotiable, even under intense international pressure.

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