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5 Things to Know Today — September 17, 2026

  Thursday, September 17, 2026  A historic Fed rate hike, Carney embracing EU associate status, a sliding TSX, oil pulling back from four-month highs, and a high-stakes vote in Newfoundland — here is what every Canadian needs to watch today. ITEM 1 OF 5 The Fed Raised Rates for the First Time in Three Years The U.S. Federal Reserve hiked its benchmark interest rate by 25 basis points Wednesday to a target range of 3.75–4.00%, defying public pressure from President Trump who had pushed for a cut. It marks the Fed’s first rate increase since 2023. Sixteen of eighteen FOMC officials signalled at least one further hike is likely before year-end. For Canadian markets, the ripple effects are real even though the Bank of Canada (still holding at 2.25%) does not move in lockstep with Washington. Higher U.S. Treasury yields, which have already pushed above 5%, pull Canadian government bond yields upward — and it is those bond yields, not the BoC’s overnight rate, that drive the 5-year ...
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Hurricane Helene Devastates Southeastern U.S., Leaving 64 Dead and Millions Without Power

 

Hurricane Helene has left a trail of destruction across the southeastern United States, resulting in at least 64 fatalities and leaving millions without power. The storm made landfall as a Category 4 hurricane, bringing with it devastating flooding and high-speed winds that have wreaked havoc from Florida to the Carolinas.

In Florida’s Big Bend region, where Helene first struck, residents woke up to extensive damage. Floodwaters reached over 15 feet in some areas, and numerous homes were destroyed. The storm’s impact was felt deeply in Georgia as well, where at least 15 people lost their lives, including a first responder.

As rescue operations continue, the full extent of the damage is becoming clear. Communities are grappling with the aftermath, facing a long and challenging recovery process. The power outages have compounded the difficulties, leaving millions without electricity and complicating rescue and relief efforts.

Authorities are urging residents to stay safe and heed evacuation orders as they work to restore power and provide aid to those affected. The path to recovery will be long, but communities are coming together to support one another in this time of crisis.


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