Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Spain Denies U.S. Claims of Military Cooperation Amid Trade Pressure

 

It was White House press secretary Karoline Leavitt that claimed that Spain had changed its stance on the Iran war.


Spain has firmly rejected assertions from Washington that it agreed to support U.S. military operations following threats from President Donald Trump to sever trade ties. The dispute emerged after White House Press Secretary Karoline Leavitt stated that Madrid had shifted its stance on the Iran conflict, suggesting Spain would now cooperate with U.S. forces. Spanish officials quickly refuted the claim, maintaining that no such agreement had been made and reiterating their opposition to involvement in the U.S.-Israeli strikes on Iran. 

The disagreement highlights growing diplomatic tension between the two allies. Trump’s threat to cut off trade came in response to Spain’s refusal to allow its military bases to be used in support of U.S. operations. Despite the White House’s insistence that Spain had “heard the president’s message,” Madrid has remained steadfast, publicly denying any change in policy. 

Labels:

Comments

Post a Comment