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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...

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Four Money Tips You Might Be Missing Out On


Saving money for retirement and other goals can be challenging, especially in times of economic uncertainty. You might be familiar with some common money advice, such as creating a budget, paying off high-interest debt, and investing in a diversified portfolio. But there are some other money tips that are often overlooked, but can make a big difference in your financial future. Here are four of them:

1. Automate your savings. One of the easiest ways to save more money is to make it automatic. You can set up a direct deposit from your paycheck to your savings account, or use an app that rounds up your purchases and transfers the change to your savings. This way, you don't have to think about saving every month, and you can avoid the temptation to spend the money instead.

2. Increase your savings rate gradually. Saving a large percentage of your income might seem daunting, but you don't have to do it all at once. You can start with a small amount, such as 5% or 10%, and then increase it by 1% or 2% every year or whenever you get a raise. This way, you can adjust to living on less income without feeling too much of a pinch.

3. Negotiate your bills. Many people don't realize that they can save money by negotiating their bills, such as cable, internet, phone, insurance, and even medical bills. You can call your service providers and ask for a lower rate, a discount, a waiver of fees, or a better plan that suits your needs. You can also use online tools or apps that can help you negotiate your bills for a small fee or a share of the savings.

4. Track your net worth. Your net worth is the difference between your assets (what you own) and your liabilities (what you owe). Tracking your net worth can help you see your progress toward your financial goals, and motivate you to save more and spend less. You can use a spreadsheet, an app, or a website to calculate and track your net worth on a regular basis.

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