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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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Trump Signals Possible Shift as U.S. Weighs ‘Winding Down’ Iran War

 

People react as emergency crews search for victims trapped in the rubble following a strike on a residential building on March 16, 2026 in central Tehran, Iran.


President Donald Trump has suggested that the United States may be nearing a turning point in its conflict with Iran, stating that the country is “getting very close” to meeting its military objectives. Despite this indication of a potential wind‑down, the administration continues to deploy additional troops and resources to the region, underscoring the contradictory nature of recent U.S. messaging.

Trump has emphasized that he is not seeking a ceasefire, even as the conflict expands and global markets react to rising oil prices and regional instability. His remarks come amid heightened tensions, ongoing airstrikes, and concerns from allies about the widening scope of the war. 

While the president’s comments hint at a possible de-escalation, the continued buildup of military assets and calls for increased funding suggest that any reduction in operations may still be distant. The situation remains fluid as the U.S., Iran, and regional actors navigate a rapidly evolving conflict. 

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