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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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Markets Open Mixed as Oil Holds Near US$96




Markets Open Mixed as Oil Holds Near US$96
Canadian Money Brief — Daily Markets Update • April 24, 2026

Markets are mixed this morning: the TSX is slightly lower, oil is steady near US$96, and the Canadian dollar is largely unchanged — a cautious tone for investors as geopolitical risks and earnings season take center stage.

Market Snapshot

  • TSX — modestly down in early trading, with broad-based caution across sectors.
  • U.S. markets — softer opening as investors weigh global developments and corporate results.
  • Oil — WTI holding near US$96, keeping energy names supported.
  • Canadian dollar — little movement versus the U.S. dollar, reflecting a quiet FX backdrop.

Winners and Losers

  • Winners — energy and pipeline names showing strength on firm oil prices.
  • Losers — select tech and discretionary stocks lag amid risk‑off flows.

What’s Driving Markets

  • Heightened attention on geopolitical tensions that are keeping commodity markets on edge.
  • Ongoing corporate earnings that will shape sentiment through the week.
  • Investors balancing resilient commodity prices with signs of stretched market positioning.

Key Events to Watch

  • Major U.S. corporate earnings releases later today and this week.
  • Any new developments in global geopolitics that could affect oil and risk appetite.
  • Economic data releases that may influence central‑bank expectations.

Editor’s note: This update is a concise market snapshot for Canadian Money Brief readers.

Labels: Markets, TSX, Oil, CAD, Earnings, Global News

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