Money · Markets & Crypto
The Bank of Canada left its policy rate unchanged at 2.25 percent on September 2, 2026, but a summer rise in bond yields is pushing fixed mortgage rates higher regardless, exposing a gap between the headline decision and what borrowers actually pay.
Money · Markets & Crypto
The Bank of Canada governor called trade unpredictability a threat to years of economic progress just as the Canadian dollar fell to its weakest level since August, raising questions about how manageable the rate gap with the Fed really is.
Money · Markets & Crypto
The Federal Reserve's quarter-point increase and hawkish dot-plot have pushed U.S. rates well above the Bank of Canada's, and economists warn the resulting currency pressure could quietly raise import costs for Canadian households.