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5 Things to Know Today: Fed Decision Looms, TSX Slides, Gas Prices Climb (Sept 16)

  Wednesday, September 16, 2026 The Fed's biggest decision in years lands at 2 p.m. ET today, the TSX and loonie are both licking their wounds, and drivers are paying more at the pump despite the gas tax holiday. Here's what's moving your money this morning. 1. The Fed Decides on Rates Today — and a Hike Looks All but Certain The Federal Reserve announces its rate decision at 2 p.m. ET, with Chair Kevin Warsh's press conference to follow at 2:30 p.m. Markets have priced in over 90% odds of a 25-basis-point hike, which would lift the target range to 3.75%–4.00% from 3.50%–3.75%, where it's sat since December. It would be the first hike of this cycle, driven by inflation still running above target even as the labour market holds up. What it means for you: A Fed hike widens the gap with the Bank of Canada's 2.25% rate, which tends to pressure the loonie lower and nudge Canadian bond yields — and by extension fixed mortgage pricing — upward. Watch for the reaction ...
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Blowout on Boeing 737 Max 9 Jet Prompts Grounding of Most Planes


An emergency landing by an Alaska Airlines jetliner last Friday prompted U.S. authorities to ground most of Boeing’s 737 Max 9 aircraft, another black mark in the troubled history of the company’s Max jets. The incident involved a blowout of a paneled-over exit door, called a door plug, which is exceedingly rare in air travel. The emergency grounding order affected about 171 planes with installed door plugs, comprising the vast majority of the roughly 218 Max 9s in service around the world.

While the investigation is still ongoing, preliminary inspections have identified “loose hardware” or “bolts that needed additional tightening” in the door plugs of grounded aircraft. The incident has renewed questions about the safety of Boeing’s Max 8 and Max 9 aircraft, the latest versions of the company’s storied 737.

The blowout is another setback for Boeing, which has been struggling to regain its footing after two fatal crashes involving its 737 Max planes in 2018 and 2019. The company has since made significant changes to the aircraft’s software and safety systems, but the latest incident has raised concerns about the plane’s safety once again .

The U.S. Federal Aviation Administration (FAA) has begun an investigation into the incident, which is focused on the door plug that blew off the passenger jet shortly after takeoff  The FAA has ordered airlines to inspect the door plugs of all 737 Max planes with installed door plugs.

The incident has also prompted Indonesia to temporarily ground three Boeing 737-9 Max jetliners .

In summary, the blowout on a Boeing 737 Max 9 jet has led to the grounding of most planes with installed door plugs, and has raised concerns about the safety of the company’s Max jets once again. The FAA has ordered airlines to inspect the door plugs of all 737 Max planes with installed door plugs, and the investigation is still ongoing.

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