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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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Israel Expands Military Presence as Hezbollah Conflict Deepens

 

People walk near debris at the site of an Israeli strike, following an escalation between Hezbollah and Israel amid the U.S.-Israeli conflict with Iran, Zuqaq al-Blat district of central Beirut, Lebanon, March 18, 2026. 

Israel has sharply escalated its military posture along the Lebanon border, more than doubling troop deployments and intensifying operations against Hezbollah. Fresh reports describe expanded ground activity, home searches in evacuated villages, and continued airstrikes as the conflict widens. 

Israel has significantly increased its military footprint along the Lebanese border, deploying more than twice the number of troops since early March as fighting with Hezbollah intensifies. According to senior Israeli commanders, forces are now conducting extensive ground operations, including searches of homes in southern Lebanese villages that were previously ordered evacuated. 

The escalation comes amid heavy Israeli airstrikes targeting Hezbollah positions, with smoke rising across multiple border communities. These operations mark some of the deadliest spillover effects of the broader U.S.-Israeli conflict with Iran, which has drawn Lebanon deeper into the regional confrontation. 

Reports from the ground indicate that Israeli troops are firing artillery across the border while Hezbollah continues to launch rockets and drones into Israeli territory. The intensifying clashes have contributed to widespread destruction in southern Lebanon and heightened fears of a prolonged, multi-front conflict. 


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