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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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Super Blue Moon: A Celestial Spectacle

 

Tonight, stargazers around the world will witness a rare celestial event: the Super Blue Moon. Here’s are some brief details about this fascinating occurrence:

What Is a Super Blue Moon?

A supermoon is an infrequent phenomenon when the Moon appears larger and brighter than usual due to its proximity to Earth. Tonight, we’re treated to an even rarer event—a super blue moon. Here’s why it’s so special:

  1. Supermoon: The Moon’s elliptical orbit brings it closer to Earth, making it appear larger in the sky.

  2. Blue Moon: A blue moon occurs when there are four full moons in a season instead of the usual three. The third full moon in such a season is designated as a blue moon.

Why “Once in a Blue Moon”?

The phrase “once in a blue moon” originates from this rare occurrence. Tonight’s moon is both super and blue, making it a unique sight for skywatchers.

Viewing Tips

  • Time: The super blue moon will rise shortly after 7 p.m. EDT and reach its peak at 9:36 p.m. EDT. Check exact times for your region using the U.S. Navy moonrise calendar.

  • Appearance: Enjoy the moon’s full brilliance through Friday morning.

Remember to step outside and marvel at this cosmic spectacle!

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