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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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U.S. Targets 60 Nations in Global Forced‑Labour Crackdown, Canada Included



The U.S. government has initiated a broad series of Section 301 investigations into 60 countries—ranging from major trading partners like Canada, the European Union, China, Mexico, Japan, and the U.K.—to determine whether they have failed to curb the use or import of goods produced with forced labour. 

U.S. Trade Representative Jamieson Greer announced that the probes will examine whether foreign policies and enforcement efforts sufficiently prevent forced‑labour‑linked products from entering global supply chains. If violations are confirmed, the U.S. may impose tariffs or other trade restrictions without requiring additional congressional approval.

The move follows a recent Supreme Court ruling that struck down parts of the administration’s previous tariff strategy, prompting a shift toward other trade tools. Canada, now under scrutiny, could face new economic pressures depending on the investigation’s outcome.

Officials say the reviews will be completed “in a matter of months,” signaling a rapid escalation in the U.S. approach to forced‑labour concerns and international trade compliance. 


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