Mortgage Rates Rise as Global Interest Rate Pressures Mount

Canadian mortgage rates climbed on September 1, 2026, as fixed rates increased following U.S. airstrikes near Hormuz. Meanwhile, the Japanese yen surged over 1.7% against the dollar on speculative Bank of Japan rate hikes.

🐿️ Geopolitical shocks and central bank shifts are tightening global credit, and Canadian homeowners should brace for higher borrowing costs.