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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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From Montreal to Washington: Kamala Harris’s Canadian Roots

 

Kamala Harris, the first female Vice President of the United States, has a unique and diverse background that includes a significant chapter in Canada. Born in Oakland, California, Harris moved to Montreal, Quebec, at the age of 12 after her parents divorced. Her mother, Shyamala Gopalan Harris, a renowned breast cancer researcher, accepted a position at McGill University and the Jewish General Hospital, prompting the family’s relocation.

In Montreal, Harris attended Westmount High School, where she graduated in 1981. This period in Canada was formative for Harris, exposing her to a different culture and educational system. Despite the challenges of adapting to a new environment, she thrived academically and socially. Harris has often reflected on her time in Montreal, recalling how it shaped her perspective and resilience.

After high school, Harris returned to the United States to attend Howard University in Washington, D.C., and later earned her law degree from the University of California, Hastings. Her Canadian adolescence, however, remains a notable part of her journey, contributing to her multifaceted identity and global outlook.

Harris’s story is a testament to the impact of diverse experiences and the importance of embracing different cultures. Her time in Canada not only broadened her horizons but also prepared her for the challenges and opportunities that lay ahead in her remarkable career.


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