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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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Eid Prayers Bring a Moment of Unity in Gaza’s Saraya Yard

 

As dawn broke over Gaza City, thousands of Palestinians gathered in the historic Saraya yard to mark the beginning of Eid al‑Fitr, a holiday that symbolizes renewal, gratitude, and communal strength. Despite the immense hardships faced in recent months, worshippers arrived early, filling the open square with rows of prayer mats and the soft murmur of supplication.

Families stood shoulder to shoulder, children clutching balloons and wearing new clothes—small but meaningful traditions that persist even in the most difficult times. The atmosphere blended solemn reflection with a quiet resilience, as community leaders offered messages of hope and unity.

For many, this year’s Eid carries a deeper emotional weight. The prayers in Saraya yard served not only as a religious observance but also as a collective expression of endurance, identity, and the longing for peace. In a place where daily life has been shaped by uncertainty, the gathering became a rare moment of togetherness and spiritual grounding.


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