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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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Turkey Issues Renewed Airspace Alert Amid Rising Tensions Over Cyprus

 

                                            A Turkish F-16

Turkey has issued a new aviation notice warning of potential military activity in the airspace around northern Cyprus, escalating an ongoing exchange of airspace advisories between the island’s two sides. 

Turkey has released a fresh Notice to Airmen (Notam) signaling possible military operations in the airspace surrounding Ercan (Tymbou) airport in northern Cyprus. The advisory follows a series of competing Notams issued earlier in the week by both Turkish Cypriot and Greek Cypriot authorities, reflecting heightened tensions over control and jurisdiction of the island’s airspace.

According to reports, the new Turkish Notam will remain in effect until April 12 and may become active during periods of potential military activity. Notams are essential alerts for aviation personnel, providing critical information that could affect flight safety. 

The move comes as Ankara continues to challenge Greek Cypriot-issued airspace warnings, with Turkish officials previously labeling such notices “null and void” and accusing the Greek Cypriot side of creating jurisdictional confusion. 

The latest exchange underscores ongoing geopolitical friction in the region, where airspace control remains a sensitive and contested issue.

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