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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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Tim Hortons Franchisees in Quebec Sue Brand Owner for $18.9 Million

 


Several Quebec Tim Hortons franchisees have taken the brand’s owner to court, alleging unreasonable constraints in the company’s licensing agreements that have led to lower-than-expected profits. In a lawsuit filed in Quebec Superior Court, 16 companies holding Tim Hortons franchise licenses claim that the TDL Group Corp.'s contracts place it in a position of absolute dominance over their combined 44 restaurants.

According to the franchisees, the licensing agreements give TDL significant control over essential aspects of restaurant operations, including deals with suppliers and equipment. Additionally, TDL sets prices for menu items and ingredients, but their pricing policy did not adapt to market changes. The franchisees argue that these rules leave them with no room for maneuver and impose costs they cannot match in sales.

The franchisees assert that the constraints have significantly impacted their profits, reducing the value of their restaurants and making it challenging to cover renovation and investment costs. Between 2021 and 2023, the 16 franchisee companies claim to have lost a combined $18.9 million due to these limitations.

Despite appeals for reform, such as flexibility in setting prices within an agreed-upon range, the franchisees have faced challenges. They argue that TDL has violated its contractual obligation to support and partner with them. Seeking compensation for their losses during the specified period, the franchisees are pursuing legal action against TDL.

Tim Hortons has rejected the claims made in the lawsuit, emphasizing that franchisees operate one of the most profitable and beloved restaurant concepts in Canada and Quebec. The company maintains that franchisees can earn substantial profits when operating restaurants according to brand standards.



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