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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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Clash in West Bank Leaves One Palestinian Dead After Israeli Fire

 

A Palestinian argues with Israeli troops standing guard during a weekly settlers' tour in Hebron, in the Israeli-occupied West Bank.


Israeli forces shot and killed a Palestinian man in the West Bank after troops opened fire on individuals who were reportedly throwing stones at them near the village of Luban al‑Sharqiya.

According to the Israeli military, soldiers were operating along a main road when several people began hurling stones, prompting the troops to respond with live fire. Three individuals were struck.

Palestinian officials identified the man killed as 26‑year‑old Khattab Al Sarhan and reported that another person was wounded. Local authorities said the area had already been tense, with Israeli forces blocking the main entrance to the village and several surrounding roads the previous day.

The incident adds to the ongoing volatility in the West Bank, where frequent clashes between Israeli forces, settlers, and Palestinians have continued to escalate.

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