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Bank of Canada Says More Rate Hikes Could Be Coming: What It Means for Your Mortgage and HELOC

  Canadian Money Brief  |  November 11, 2026 Bank of Canada Says More Rate Hikes Could Be Coming: What It Means for Your Mortgage and HELOC By the MoneySavings.ca team  •  6 min read The Bank of Canada raised its key rate on October 28, the first increase since 2023. Yesterday it signalled it may not be done. The summary of deliberations, released Tuesday, says Governing Council agreed there could be a need to raise the policy rate further, while taking decisions one meeting at a time. If you carry a variable-rate mortgage or a home equity line of credit (HELOC), that is a headline worth a few minutes. Here is what the Bank said, what another hike would cost, and what you can do before the next decision on December 9 . 2.50% Policy rate since Oct 28 4.70% Big-bank prime since Oct 29 3.5% BoC CPI forecast, end of 2026 Dec 9 Next rate decision What the Bank actually said The core of the story is energy. The Bank notes that the war in the Middle East is in its eig...
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Ottawa presses for united front to tackle Trump’s promised tariffs

 

Ottawa is indeed pushing for a united front to tackle the tariffs promised by President-elect Donald Trump. Trump has threatened to impose a 25% tariff on all products entering the U.S. from Canada and Mexico, citing concerns over illegal immigration and drug trafficking. 

Prime Minister Justin Trudeau and the provincial premiers are working together to address this issue. Trudeau has already had discussions with Trump and plans to meet with the premiers to form a cohesive strategy. The potential impact on the Canadian economy is significant, with experts warning of catastrophic effects on various industries.

It's a tense situation, but the hope is that a united Canadian front can mitigate the potential damage. 



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