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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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Grilled Moroccan Meatballs with Yogurt Sauce


Spice things up with these grilled Moroccan meatballs, seasoned with warm spices and cooled down with a creamy yogurt sauce—every bite is packed with flavor!

Ingredients:

  • 1 large egg
  • 3 garlic cloves, minced
  • 1 teaspoon ground cumin
  • 1 teaspoon ground allspice
  • ¼ cup finely chopped fresh cilantro (optional)
  • 1¼ teaspoons kosher salt
  • 1 pound ground beef
  • ½ cup panko bread crumbs
  • Oil for greasing the grill

For the Yogurt Sauce:

  • 1 cup Greek yogurt
  • ½ cucumber, peeled and finely diced
  • 1 tablespoon lemon juice
  • 1 tablespoon fresh dill, chopped
  • Salt and pepper to taste

Instructions:

  1. In a medium bowl, combine the egg, minced garlic, ground cumin, ground allspice, chopped cilantro (if using), salt, and pepper. Mix until well combined.
  2. Add the ground beef and panko bread crumbs to the spice mixture. Mix together with your hands until just combined.
  3. Use a 1/3 cup measure to portion out the meat and shape it into discs.
  4. Preheat your grill to medium-high heat and grease it well.
  5. Place the meatballs on the grill and cook for about four minutes per side, until charred and no longer pink in the center. As they cook, the centers will dome slightly, creating nicely shaped meatballs.
  6. Meanwhile, make the yogurt sauce by combining the Greek yogurt, finely diced cucumber, lemon juice, fresh dill, salt, and pepper in a small bowl. Mix to combine.
  7. Serve the grilled Moroccan meatballs over couscous, topped with the refreshing yogurt-cucumber sauce.

Enjoy this flavorful and easy-to-make dish! 

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