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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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Cyclone Chido Devastates Mayotte: Death Toll Rises

 

Cyclone Chido, one of the most powerful storms to hit the region in nearly a century, has caused widespread destruction in the French territory of Mayotte. The cyclone, which brought winds exceeding 220 kph (136 mph), has resulted in a devastating death toll, with current estimates ranging from several hundred to potentially thousands.

The French Interior Ministry confirmed at least 11 deaths, but officials warn that this number is expected to rise significantly as rescue efforts continue. The cyclone has also left hundreds injured and caused extensive damage to infrastructure, including the main hospital and airport.

Mayotte, already one of France's poorest territories, has been severely impacted, with entire neighborhoods flattened and many residents left without shelter. The French government has mobilized rescue teams and supplies from nearby territories to assist in the recovery efforts.

As the world watches, the full extent of the damage and loss of life caused by Cyclone Chido continues to unfold. The international community has expressed solidarity and offered support to the people of Mayotte during this difficult time.







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