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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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Stock Market Today: Indexes Slip As Traders Await Nvidia Earnings

 


US stocks slid lower on Wednesday as traders looked ahead to Nvidia’s highly anticipated first-quarter earnings report and took in the latest commentary from Federal Reserve speakers. Here are the key points:

  1. Market Performance:
    • All three benchmark indexes traded lower.
    • Bond yields ticked higher, with the 10-year Treasury yield rising three basis points to 4.451%.
  1. Nvidia Earnings:
    • Investors eagerly awaited Nvidia’s earnings report.
    • The company reported adjusted earnings per share (EPS) for the quarter of $6.12 on revenue of $26 billion, representing a significant jump of 461% and 261%, respectively, from a year ago.
    • Analysts had expected adjusted EPS of $5.65 on revenue of $24.69 billion.
    • Nvidia also announced plans for a ten-for-one stock split, set to take effect on June 7.
  1. Federal Reserve Minutes:
    • Markets reacted to the minutes from the Federal Reserve’s May meeting.
    • The minutes revealed that “various” Fed officials mentioned a “willingness to tighten policy further should risks to inflation materialize in a way that such an action became appropriate.”

In summary, the stock market faced two significant tests today: Nvidia’s pivotal earnings report and the Fed’s cautious stance on inflation risks. Investors closely monitored these developments, leading to a slight decline in major indexes.


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