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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’s Iran War Address Deepens Confusion Amid Escalating Crisis

 

President Trump sending mixed messages on the war in Iran and how it will endThe Trump administration offering evolving rationale for Operation Epic Fury in Iran while the president insists the United States will “easily prevail.”


U.S. President Donald Trump delivered a nationally televised address from the White House that offered sharply conflicting signals about the direction of the ongoing war with Iran. While asserting that the conflict is nearing its end, Trump simultaneously threatened dramatic new escalations, leaving Americans and global observers uncertain about his administration’s true intentions. 

In the speech, Trump claimed that U.S. forces are “on track” to complete military objectives within two to three weeks and boasted of unprecedented battlefield success. Yet he also warned that Iran could be pushed “back to the Stone Ages” if its leaders refuse to negotiate, even threatening to destroy the country’s electrical infrastructure—an action experts say could constitute collective punishment under international law.

Despite expectations that Trump might announce either a ceasefire or a ground invasion to reopen the Strait of Hormuz, he did neither. Instead, he suggested he might simply “walk away” from the conflict and leave other nations to resolve Iran’s blockade of vital oil shipping lanes. This ambiguity comes as global energy markets reel from supply shortages and rising prices, intensifying pressure on the administration to articulate a clear strategy. 

The address ultimately reinforced concerns about inconsistent messaging that has characterized the month‑long conflict. With no definitive plan presented, the speech left both allies and critics questioning how—and when—the war might actually end.

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