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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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US stocks are on the rise today, with futures pointing to further gains as investors gear up for a fresh wave of earnings reports. Here are the key highlights:

  1. Tech-Focused Investors Anticipate Earnings: Investors are closely watching the tech sector as companies like Tesla (TSLA) prepare to release their quarterly results. S&P 500 futures rose 0.3% after staging a comeback from a six-day run of losses in the previous session.

  2. Tesla’s Catalyst: Tesla’s earnings are likely to be a significant catalyst for the S&P 500, given the stock’s weight in the index. The results, due after the market close, will be pivotal for Elon Musk’s electric vehicle maker, which has faced headwinds such as disappointing delivery outlooks and strategy shifts.

  3. Big Tech Earnings: This week, we’ll see highly anticipated results from other tech giants as well, including Meta (META), Microsoft (MSFT), and Alphabet (GOOG). Some analysts suspect that the momentum of these megacaps may be fading.

  4. GM’s Strong Start: Legacy automaker General Motors (GM) kicked off the earnings season on Tuesday by posting strong first-quarter results and raising its full-year guidance. GM’s stock popped around 4%, signaling success with its new electric vehicles and cost-cutting measures.

  5. Spotify’s Beat: Audio streamer Spotify (SPOT) swung to a profit, and its stock jumped amid an earnings beat.

Investors are hopeful that this week’s rush of Big Tech earnings will help pull stocks out of the slump that has persisted since the start of the year. However, some on Wall Street remain cautious. Keep an eye on the markets as we navigate through this earnings-packed week!


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