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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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Pentagon Weighs Weeks‑Long Ground Operations in Iran Amid Rising Tensions

 

US soldiers cross a floating bridge during a joint river-crossing exercise in South Korea in Yeoncheon.


Pentagon Preparing for Extended Ground Operations in Iran

The Pentagon is laying out plans for weeks of limited ground operations in Iran, according to reporting from The Washington Post and multiple news outlets. These operations, while falling short of a full-scale invasion, would likely involve Special Operations forces and conventional infantry units conducting targeted raids on strategic sites such as Kharg Island and coastal areas near the Strait of Hormuz. 

U.S. officials say the objectives under consideration could take “weeks, not months”, though some estimates extend to a couple of months depending on conditions on the ground. The missions would expose U.S. personnel to significant risks, including Iranian drones, missiles, ground fire, and improvised explosives. 

Whether President Donald Trump will authorize any of these plans remains uncertain. The White House emphasized that Pentagon planning does not indicate a final decision, but rather ensures the Commander in Chief has “maximum optionality.” Meanwhile, thousands of U.S. Marines and soldiers have already been deployed to the Middle East as the conflict enters a more volatile phase. 

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