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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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Trump Taps Fox News Host and Loyalists for Top White House Positions

 

President-elect Donald Trump has announced several key appointments for his upcoming administration, including the selection of Fox News host Pete Hegseth as Secretary of Defense. Hegseth, a decorated Army veteran and outspoken supporter of Trump, has been a prominent figure on Fox News and is known for his conservative views.

In addition to Hegseth, Trump has chosen other loyalists for top positions. Florida Congressman Michael Waltz has been named National Security Adviser, bringing his experience as a former Green Beret and counterterrorism adviser. South Dakota Governor Kristi Noem will serve as Secretary of Homeland Security, despite her lack of direct experience in national security.

These appointments reflect Trump's preference for loyalty and alignment with his "Make America Great Again" agenda. Critics argue that the selection of media personalities and political loyalists over seasoned experts could lead to challenges in governance and policy implementation.

As Trump prepares to take office, the nation watches closely to see how these new appointments will shape his administration and impact U.S. domestic and foreign policies.

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