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5 Things to Know Today — Fed Hikes, BoE Warns, and the TSX Is Bouncing Back

  The Fed's first rate hike since 2023 rocked markets Wednesday. Here's what it means for your wallet on Friday, September 18. Friday, September 18, 2026  |  moneysavings.ca 1 The Fed Hiked — First Time Since 2023 The U.S. Federal Reserve raised its benchmark interest rate by 25 basis points to a target range of 3.75%–4.00% on Wednesday — the first hike since June 2023. Chair Kevin Warsh cited persistent inflation tied to elevated oil prices and a still-resilient economy, saying recent inflation readings hadn't improved enough to justify holding. The decision was unanimous. The updated dot plot signals one more potential hike by year-end, then a pause through 2027. Markets initially sold off, but U.S. futures are rebounding this morning as investors reframe the move as a sign the Fed is serious about getting inflation under control. 💡 What It Means for You A higher U.S. federal funds rate puts upward pressure on Canadian bond yields and mortgage rates. The BoC is already...

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Gaza Ceasefire Plan: A High-Stakes Gamble for Survival

 

For the leaders of both Hamas and Israel, ending the war in Gaza has become a deadly game of survival. The terms on which the war finally ends could largely determine their political future and their grip on power. Let’s delve into the complexities of this high-stakes situation.

The Stakes

Hamas Leader Yahya Sinwar’s Dilemma

Hamas leader Yahya Sinwar faces a precarious situation. His physical survival is at risk, and this vulnerability has hindered previous negotiations. The question of how to permanently end the fighting has been deferred until the last stages of the plan outlined by US President Joe Biden. Sinwar knows that any misstep could cost him dearly.

Israel’s Prime Minister Benjamin Netanyahu’s Calculated Approach

Netanyahu, too, treads carefully. Phase one of the plan involves the release of hostages—both living and dead. While this move would be welcomed by many, Netanyahu must ensure that Hamas won’t restart the war once the hostages are home. His coalition partners demand a tough stance against Hamas, but he also faces a corruption trial and the prospect of early elections.

The Chasm and the Way Forward

Permanent Ceasefire Guarantees vs. Keeping Options Open

Hamas leaders seek permanent ceasefire guarantees upfront. Previous deals collapsed due to this chasm. Netanyahu, however, wants to keep his long-term options open. Bridging this gap depends on his maneuvering room with hard-right government allies and Hamas leaders’ willingness to consider alternatives to Hamas’s “elimination.”

The Missing Leaders

While Hamas has suffered military losses, its top leaders—Yahya Sinwar and Mohammed Deif—remain unscathed. Their fate remains critical. If Israel leaves them free in Gaza, it could spell political disaster for Netanyahu.

In this deadly game of survival, both sides weigh their moves carefully. The world watches as they navigate treacherous waters, hoping for a lasting resolution that doesn’t come at the cost of more lives.



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