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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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Gaza Deaths Mount as Israeli Fire Kills 11, Including Journalists

A father mourns over the body of his son Mustasem Al Shrafi, who was killed during Israeli strikes, in Khan Younis, Gaza Strip, on Wednesday. Reuters

Eleven Palestinians were killed in Gaza after Israeli fire struck multiple locations, according to local health officials. Among the dead were several children, a woman, and three journalists who were traveling through central Gaza to document conditions in displacement camps.

The journalists were reportedly working on a project connected to humanitarian relief efforts when their vehicle was hit. Their deaths have intensified concerns about the safety of media workers in the enclave, where reporting conditions have grown increasingly dangerous.

The Israeli military stated that its forces targeted a militant who posed an immediate threat but did not directly address the civilian casualties. The incident comes amid rising tension and fears that the already fragile ceasefire could unravel further.

Funeral processions for the victims drew large crowds, reflecting the deepening grief and instability across Gaza as residents brace for the possibility of renewed escalation.


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