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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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Judge Holds Trump in Contempt, Fines Him $9,000 in Hush Money Trial

 

Former President Donald Trump faced a stinging rebuke in court today as Judge Juan M. Merchan held him in contempt and fined him $9,000. The charges stem from Trump’s repeated violations of a gag order that barred him from making public statements about witnesses, jurors, and others connected to his New York hush money case. Prosecutors had alleged ten violations, but the judge found nine to be substantiated.

The historic trial centers around Manhattan prosecutors’ claims that Trump and his associates participated in an illegal scheme to influence the 2016 presidential campaign by burying negative stories. The allegations involve hush money payments and attempts to suppress unflattering rumors and claims about Trump and women. Trump has pleaded not guilty to the charges.

The courtroom was tense as Trump, accompanied by his son Eric, faced the consequences of his actions. The judge’s warning loomed: if Trump violates the gag order again, he could face jail time.

Prosecutors are meticulously building their case, relying on detailed testimony about email exchanges, business transactions, and bank accounts. Their argument is that Trump is guilty of 34 felony counts of falsifying business records in connection with the hush money payments. The trial is leading up to crucial testimony from Trump’s former attorney, Michael Cohen, who went to federal prison after pleading guilty to campaign finance violations and other crimes.

As the trial unfolds, the world watches closely, witnessing a former U.S. president facing criminal charges in a courtroom. The outcome will have far-reaching implications, shaping the legacy of a presidency marked by controversy and legal battles. Stay tuned for further updates as the trial continues.

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