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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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Iran Signals Harder Line as Mediation Efforts Intensify

 

              An Iranian cleric visits the Islamic Revolutionary Guard Corps Aerospace Force Museum in Tehran.

Iran has adopted a noticeably tougher stance in ongoing diplomatic discussions, according to sources familiar with the talks, even as multiple international actors attempt to mediate rising tensions in the region.

Diplomats say Tehran has increased its demands and is showing less flexibility than in earlier rounds, a shift that has complicated efforts by mediators seeking to de‑escalate regional friction. While the details of the negotiations remain confidential, officials suggest Iran is leveraging its position amid heightened geopolitical pressure.

Mediation efforts by several countries continue, but progress has slowed. Analysts note that Iran’s firmer posture may be aimed at strengthening its bargaining power or responding to domestic political considerations.

Despite the challenges, negotiators remain cautiously hopeful that dialogue will continue, emphasizing that diplomatic channels are still open.


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