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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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Trump Touts Economic Agenda in State of the Union as Support Shows Signs of Erosion

                    Trump touts a 'roaring economy' in his State of Union as Americans continue to struggle.

President Donald Trump used his State of the Union address to spotlight what he described as a revitalized American economy, emphasizing job growth, rising wages, and renewed manufacturing activity. Speaking before a sharply divided Congress, Trump framed his economic record as evidence of strong leadership and a blueprint for continued national prosperity.

Throughout the speech, he highlighted tax cuts, deregulation efforts, and trade policies that he said had strengthened the country’s global position. He also urged lawmakers to “stay the course,” arguing that reversing his policies would jeopardize economic momentum.

Yet the address came at a moment when several national polls show a gradual decline in public support. Analysts point to concerns about inflation, uneven wage gains, and political polarization as factors shaping voter sentiment. While Trump’s core base remains energized, independent voters appear increasingly skeptical about the long-term impact of his economic strategy.

New Angle: A Renewed Push for Bipartisan Cooperation

In a notable shift from previous addresses, Trump also called for a “new era of cooperation” between parties, urging lawmakers to work together on infrastructure, border policy, and healthcare affordability. Whether this appeal signals a strategic pivot or a temporary rhetorical gesture remains to be seen, but it adds a new layer to the political landscape as the administration navigates a challenging year ahead.

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