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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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China Blasts U.S. Over Seizure of Venezuela’s Maduro

            Chinese leader Xi Jinping and Venezuelan President Nicolás Maduro in Beijing in 2023. 

China has issued a forceful denunciation of the United States following the capture of Venezuelan President Nicolás Maduro, calling the operation a serious breach of international norms and a destabilizing act in Latin America.

Beijing described the U.S. action as a “blatant violation of international law” and urged Washington to ensure Maduro’s safety and release him without delay. Chinese officials warned that unilateral military operations undermine global stability and set a dangerous precedent for international relations.

As one of Venezuela’s key economic partners, China reaffirmed its support for the country’s sovereignty and insisted that political disputes must be resolved through dialogue rather than force. The statement placed China alongside several other nations that have criticized the U.S. intervention and called for restraint.

China emphasized that respect for national sovereignty remains a cornerstone of global order and urged all parties to avoid further escalation.


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