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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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Venezuela Cooperation Prompts Trump to Halt Planned Second Strike

Military personnel hold an honour guard during the funeral of soldiers killed in the U.S. operation to capture Venezuela’s leader Nicolas Maduro, at a cemetery in Caracas.

U.S. President Donald Trump announced Friday that he has canceled a previously expected second wave of military attacks on Venezuela, citing what he described as “important” cooperation from the South American nation. The decision follows Venezuela’s release of large numbers of political prisoners and new commitments to work with the United States on rebuilding its oil and gas infrastructure.

In a post on his Truth Social platform, Trump said the prisoner releases were a sign that Venezuela was “seeking peace,” adding that the two countries were “working well together” on energy‑sector reconstruction. He emphasized that the improved relationship made further military action unnecessary, though U.S. naval vessels would remain positioned near Venezuela “for safety and security purposes”.

The announcement comes less than a week after U.S. strikes in Caracas resulted in the capture of Venezuelan President Nicolás Maduro, a development that has reshaped political dynamics in the region. Trump also highlighted expectations of at least $100 billion in investment from major U.S. oil companies as part of Venezuela’s planned energy overhaul.

While the cancellation of the second strike signals a shift toward diplomatic engagement, the situation remains fluid as both nations navigate the aftermath of the initial U.S. operation and the emerging political landscape in Caracas.


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