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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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Missile Strikes and Political Deadlock Deepen Middle East Crisis

 

  Israelis take shelter in underground car parks as sirens sound in Tel Aviv.




Iran launched a large wave of missiles at Israel early on March 5, forcing millions of Israelis into bomb shelters as the conflict between the U.S., Israel, and Iran entered its sixth day. The strikes intensified an already volatile situation, with explosions reported across multiple regions and tensions rising along the Israel‑Lebanon border. 

In Washington, efforts to curb the U.S. air campaign were halted when Republican senators blocked a motion that would have required congressional authorization for continued military action. The vote leaves the administration’s war powers largely intact as the conflict widens across the Middle East. 

The escalation has drawn global concern as both sides exchange strikes—Israel responding with attacks on targets in Tehran and Iran continuing its missile barrage. With diplomatic channels strained and regional actors increasingly drawn in, the situation remains highly unstable. 

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