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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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Istanbul Protests Erupt Over Assassination of Hamas Leader Haniyeh


In a powerful display of solidarity, thousands of demonstrators marched through the streets of Istanbul today to protest the assassination of Hamas leader Ismail Haniyeh. The protestors, waving Turkish and Palestinian flags, voiced their outrage and grief over the killing.

Haniyeh, a key figure in Hamas’s international diplomacy, was assassinated in Tehran, an event that has escalated tensions in the Middle East and prompted threats of retaliation against Israel.

The march took place in Istanbul’s Fatih district, where participants held posters of Haniyeh and banners declaring, “Martyr Haniyeh, Jerusalem is our cause and your path is our path.” Chants of “murderer Israel, get out of Palestine” resonated through the crowd, reflecting the deep-seated anger and sorrow of the demonstrators.

Turkish President Tayyip Erdogan condemned the assassination, asserting that such actions would not deter the Palestinian struggle. The Istanbul protest is expected to be one of many in response to Haniyeh’s death, as the region braces for further unrest.



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