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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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Lockdown Declared After Fatal Shooting in First Nation Community



A First Nation community has been placed under lockdown following a tragic shooting that resulted in multiple fatalities, according to the community’s chief.

Community Urged to Stay Indoors

Residents have been instructed to remain inside their homes, secure their doors, and avoid all non‑essential movement while authorities work to stabilize the situation. Local schools, offices, and public facilities have been temporarily closed as a precaution.

Police Investigation Ongoing

Law enforcement agencies are actively investigating the incident, though officials have not yet released details about the victims or what led to the shooting. Additional officers have been deployed to ensure public safety and maintain the lockdown.

Leadership Responds

The chief expressed deep sorrow over the loss of life and called for unity and calm as the community navigates the aftermath of the tragedy. Support services are being organized to assist affected families and residents.


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