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BoC Held Again at 2.25% — But a Rate Hike Is Now More Likely Than Not Before Year-End

  Bond markets put the odds of an October 28 hike at 57%. Here's what the big banks are forecasting, what it means for your mortgage payment, and how to think about your next move. MoneySavings.ca · September 17, 2026 The Bank of Canada kept its overnight rate at 2.25% on September 2 — the seventh consecutive hold since the last cut in October 2025. On the surface, nothing changed. Below the surface, everything did. Governor Tiff Macklem's post-decision language was the most hawkish the Bank has sounded in over a year. He flagged that persistently high oil prices (Brent has since touched $107) and new U.S. tariffs — combined with Canada's own $27.6 billion retaliation list — are creating genuine upside risks to inflation. The BoC's August deliberations summary, released September 16, confirmed the Governing Council is now actively weighing a hike, not just a hold. The August CPI reading that came in on September 14 didn't settle anything: headline inflation held at ...
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Reflecting on Progress: National Day for Truth and Reconciliation 2024

 


As Canada marks the fourth National Day for Truth and Reconciliation, Indigenous advocates and experts are urging Canadians to reflect on the journey towards reconciliation. Despite the progress made since the day was first recognized as a statutory holiday in 2021, many believe that the nation has not advanced as far as hoped.

On September 30, Canadians from coast to coast gather to honor the survivors of residential schools and remember those who never made it home. Events include pow-wows, ceremonies, and special services, with federal buildings like the Peace Tower illuminated in orange to symbolize the commitment to reconciliation.

However, Indigenous leaders emphasize that true reconciliation requires more than symbolic gestures. They call for concrete actions to address ongoing issues such as systemic racism, inadequate healthcare, and insufficient support for Indigenous communities. The Governor General of Canada, Mary Simon, highlighted the importance of collective responsibility in her message, urging Canadians to educate themselves and actively participate in the reconciliation process.

While the day serves as a reminder of the resilience of survivors and the importance of their stories, it also underscores the significant work that remains. Advocates stress that reconciliation is a continuous journey, requiring sustained effort and genuine commitment from all Canadians.

By reflecting on the past and acknowledging the present challenges, Canadians can contribute to a future where reconciliation is not just an aspiration but a reality.


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