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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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Trump vs. Harris: A Political Showdown Set for Fox News on September 4th

 


In a surprising turn of events, former President Donald Trump has announced that he will engage in a debate with Vice President Kamala Harris on Fox News, slated for September 4th. This announcement comes amid a whirlwind of political activity following President Joe Biden's withdrawal from the presidential race. 

While the Harris campaign has not confirmed the event, Trump's declaration has stirred up a media frenzy, as it would mark the first direct confrontation between the two since Biden's departure from the campaign trail. 

The proposed debate is expected to cover a wide range of topics, with a particular focus on domestic issues that have polarized the nation. As the date approaches, all eyes will be on these two political heavyweights as they prepare to spar on the national stage.



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