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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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Tragic Suicide Bombing at Quetta Railway Station Claims 26 Lives

 

In a devastating incident, a suicide bomber detonated an explosive device at a railway station in Quetta, southwestern Pakistan, on Saturday, resulting in the deaths of at least 26 people, including soldiers and railway staff. The attack, which also left around 62 others injured, occurred as nearly 100 passengers were waiting for a train to Rawalpindi.

The explosion caused significant damage to the station, with the steel structure of the platform’s roof blown apart and luggage scattered across the area. Emergency services rushed to the scene, transporting the injured to nearby hospitals, where some of the critically wounded succumbed to their injuries.

The Balochistan Liberation Army, a separatist group, claimed responsibility for the attack, stating that it targeted troops present at the station. This incident follows a recent bombing in the province that killed nine people, including five children.

Prime Minister Shehbaz Sharif condemned the attack, vowing that those responsible would face severe consequences. The international community, including Afghanistan and Russia, also expressed their condolences to the victims’ families.

This tragic event highlights the ongoing security challenges in the region and the need for continued efforts to combat terrorism.


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