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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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Rising Middle East Tensions: Key Leaders Assassinated


n a dramatic escalation of Middle East tensions, the leaders of two prominent Iranian-backed groups, Hamas and Hezbollah, were killed in separate attacks within 24 hours. These incidents have sparked fears of a broader regional conflict.

Hamas Leader Assassinated in Tehran

Ismail Haniyeh, the political leader of Hamas, was killed in an airstrike in Tehran on Wednesday. Haniyeh was in Iran to attend the inauguration of the new Iranian president. Hamas quickly blamed Israel for the attack, although Israel has neither confirmed nor denied responsibility. Haniyeh’s death is a significant blow to Hamas, which has been engaged in indirect ceasefire negotiations with Israel, brokered by Qatar, Egypt, and the U.S.

Hezbollah Commander Killed in Beirut

Just hours before Haniyeh’s assassination, Fuad Shukr, a senior Hezbollah commander, was killed in an Israeli strike on the outskirts of Beirut. Hezbollah, a heavily armed militia group based in Lebanon, has long been involved in conflicts with Israel. Shukr’s death further complicates the already tense situation in the region.

Reactions and Implications

Iran’s Supreme Leader, Ayatollah Ali Khamenei, has vowed to seek revenge for Haniyeh’s death, raising the specter of further violence. The U.S. State Department has issued a travel advisory, warning Americans against traveling to Lebanon due to the rising tensions.

These assassinations come at a time when the region is already on edge following a series of violent incidents. The deaths of these key figures are likely to have significant repercussions, potentially undermining ongoing peace efforts and leading to further instability in the Middle East.


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