Skip to main content

Featured

The Fed Just Hiked Rates. Here's What It Means for Your Canadian Mortgage.

  The U.S. Federal Reserve raised its benchmark rate 25 basis points yesterday — the first hike in three years. The Bank of Canada hasn't moved. That gap is now the biggest story in Canadian personal finance. MoneySavings.ca  |  September 17, 2026  |  Canadian Money Brief Yesterday afternoon, the Federal Open Market Committee voted 12-0 to raise the U.S. federal funds rate by a quarter point, pushing it to a target range of 3.75%–4.00%. It's the Fed's first rate hike since July 2023, and Chair Kevin Warsh made clear it almost certainly won't be the last. The Bank of Canada, by contrast, has held its overnight rate at 2.25% through seven straight meetings. It doesn't decide again until October 28. For Canadians with a mortgage, a renewal coming up, or a home equity line of credit, this matters more than it might look at first glance. 3.75–4.00% New U.S. Fed Rate 2.25% Bank of Canada Rate 1.625% Rate Gap (vs. 1.375% yesterday) ~71.5¢ Loonie (post-hike low) What th...
Post a Comment
Read more

article

Labels

Summer Vacation Tips: Embrace Nature, Plan Responsibly, and Travel Safely



This summer, as Canadians gear up for a much-awaited escape, vacationers are urged to prioritize outdoor activities and explore the beauty of their own country. With the domestic travel industry thriving, there's an abundance of stunning destinations to choose from, from the breathtaking national parks to picturesque coastal getaways. 


Camping trips, hiking adventures, and water-based activities are becoming increasingly popular options, allowing travelers to embrace nature and practice social distancing effortlessly. For those considering international travel, staying updated on the latest travel guidelines and vaccination requirements is crucial. 


Travelers are advised to book accommodations and activities well in advance to secure the best deals and availability. Additionally, while traveling responsibly and respecting local communities and wildlife, this summer's vacationers are encouraged to opt for sustainable and eco-conscious choices, contributing to the preservation of natural environments for generations to come. By adhering to these vacation tips, Canadians can make the most of their summer holidays while ensuring safety, enjoyment, and environmental stewardship.











Labels:

Comments

Post a Comment