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Lock In or Wait? Why Two Big Banks Say Rates Are Going Up in October

  Published September 2, 2026 The Bank of Canada did exactly what all 35 economists in Reuters' latest poll expected today: it held its overnight rate at 2.25% for a sixth straight decision, keeping the prime rate at 4.45%. Bond markets had priced in barely a 3% chance of anything else. What's not settled is what happens next — and on that question, Canada's biggest banks are more split than they've been all year. Four of the Big Six expect the Bank to sit tight through the end of 2026. Two expect it to start hiking as soon as October. If you're renewing a mortgage in the next few months, that gap isn't academic — it's the difference between locking in now and gambling on a rate cycle turning against you. The Split, Bank by Bank Here's where the six largest banks stand on where the overnight rate lands by the end of 2026: Bank Year-end 2026 call Stance BMO 2.25% (hold) Hold camp CIBC 2.25% (hold) Hold camp RBC 2.25% (hold) Hold camp TD 2.25% (hold) Hold...
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Ship Loaded with Aid Returns to Cyprus Port After Tragic Loss of Charity Workers in Gaza Strip

 

In a poignant turn of events, a ship belonging to the Open Arms aid group has made its way back to the Cypriot port of Larnaca. Laden with canned food destined for Gaza, this vessel’s journey bears the weight of recent tragedy.

Cyprus, which has played a pivotal role in establishing the maritime corridor, witnessed the arrival of three aid ships on Monday. These vessels carried a precious cargo of 240 tons of undelivered aid. Their mission was to alleviate the suffering in the Gaza Strip, where hunger and hardship have reached critical levels.

The urgency of this mission was underscored by the devastating loss of seven aid workers in Israeli strikes within the Gaza Strip. These dedicated individuals, part of the World Central Kitchen (WCK), were on the front lines, striving to bring relief to those in need. Their tragic deaths serve as a stark reminder of the immense challenges faced by humanitarian workers in conflict zones.

As the ship docks in Cyprus, it carries not only supplies but also a message of resilience and compassion. Despite the risks, aid organizations continue to navigate treacherous waters to support vulnerable communities. The return of this vessel symbolizes unwavering commitment and solidarity.

While grief hangs heavy, hope persists. The aid ships, now retracing their path, represent a collective determination to make a difference. As the world watches, we honor the fallen aid workers and renew our resolve to stand by those caught in the crossfire.


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