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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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Tragic Military Plane Crash in Colombia Leaves 66 Dead, Search Continues for Missing Personnel

                                          The site of the crash in Puerto Leguizamo, Putumayo

A Colombian military transport plane crashed shortly after takeoff in Puerto Leguízamo, killing at least 66 people and injuring dozens more. The Hercules C-130 aircraft, carrying 128 passengers—mostly soldiers—went down near the southern border with Peru, erupting into flames and detonating ammunition onboard. Officials confirmed that four military personnel remain missing, prompting ongoing search efforts.

Authorities report no indication of an armed attack, and an investigation is underway to determine the cause of the disaster. Local residents were among the first to assist, transporting survivors on motorcycles and helping emergency crews reach the remote crash site. The tragedy has sparked renewed calls from President Gustavo Petro to modernize Colombia’s aging military aircraft fleet.

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