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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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New Tensions Erupt After Israeli Minister Advocates Annexing Southern Lebanon

The damaged Zrarieh Bridge over the Litani river, after it was hit by an Israeli strike in Tayr Falsay in southern Lebanon.

An Israeli government minister sparked regional controversy after publicly calling for the annexation of southern Lebanon, a statement that immediately drew sharp criticism from Lebanese officials and raised concerns among international observers.

The minister argued that Israel should take permanent control of the area as a “security buffer” in light of ongoing clashes with Hezbollah along the northern border. The remarks come amid heightened cross‑border exchanges and growing fears that the conflict could widen.

Lebanese leaders condemned the comments as a violation of international law and an escalation that threatens regional stability. Analysts noted that the statement does not reflect an official shift in Israeli policy, but it underscores the increasingly heated rhetoric surrounding the border tensions.

International actors have urged restraint, warning that any move toward annexation would inflame an already volatile situation and undermine diplomatic efforts aimed at de‑escalation.



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