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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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RCMP Raid Sam Mraiche-Owned Company Amid Expanding Alberta Procurement Scandal

 Sam Mraiche's company, MHCare, had been awarded hundreds of millions of dollars worth of procurement contracts from Alberta Health Services.

RCMP officers executed multiple search warrants this week at the Edmonton headquarters of MHCare Medical Corp., a company owned by businessman Sam Mraiche, as part of an ongoing investigation into alleged procurement irregularities within Alberta’s health system. 

The searches mark a significant escalation in a controversy that has shadowed Premier Danielle Smith’s government for more than a year. According to RCMP statements, officers were present both inside and outside MHCare’s offices, though investigators declined to provide details about the materials seized or the specific allegations under review. 

Mraiche has been a central figure in Alberta’s procurement debates, with his companies previously securing large government contracts for medical supplies. Separate reporting has highlighted concerns about conflicts of interest, sole‑source contracts, and political connections tied to Mraiche and his associates. 

The investigation remains active, and no charges have been laid. Alberta Health Services and the provincial government have not yet commented on the latest developments.


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