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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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Washington Braces for Extended Military Standoff With Iran

 

US officials said on Friday the Pentagon was sending Gerald R. Ford-class aircraft carrier to the Middle East.


The United States military is preparing for the possibility of a prolonged campaign against Iran as tensions continue to rise across the region. Defense officials have indicated that any potential operation may extend over several weeks, reflecting concerns that a limited strike could quickly escalate into a broader conflict.

Military planners have reportedly been reviewing a range of scenarios, including sustained air operations and the deployment of additional assets to the Middle East. The preparations underscore Washington’s belief that Iran could respond forcefully to any U.S. action, potentially drawing neighboring countries into the confrontation.

While diplomatic channels remain open, recent developments have heightened uncertainty. U.S. leaders have emphasized that they prefer a de‑escalation but maintain that military options remain available if necessary. Analysts warn that a prolonged exchange between the two nations could destabilize an already volatile region and carry significant risks for both sides.

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