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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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Your daily horoscope: December 19

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Some of your passions may be baffling to friends and colleagues but to you they make perfect sense, so give yourself permission to act in ways that not everyone will approve of and make the next 12 months truly special – for you at least!

ARIES (March 21 - April 20):

The sooner you realize that ambition is not a dirty word the happier you will be. Cosmic activity in and around the career area of your chart over the next few days will encourage you to get the better of those you think of as rivals.

TAURUS (April 21 - May 21):

Your beliefs may seem to be set in stone but the planets indicate they will go through a number of far-reaching changes over the next few days. If you can learn to look at life from a slightly different angle you’ll be amazed by what you discover.

GEMINI (May 22 - June 21):

You don’t have to be assertive to prove that you are as tough as other people. On the contrary, you will impress others more if you hold back a bit today and stay on good terms with partners, colleagues and, yes, your rivals too.

CANCER (June 22 - July 23):

You need to get into the habit of allowing other people to make decisions for you. When the sun moves into your opposite sign at the weekend even those you are close to will want to flex their muscles a bit. Let them. It can’t hurt you.

LEO (July 24 - Aug. 23):

If you push yourself too hard between now and the weekend you could regret it later on when you find that your energy levels take an unexpected dip. Map out your schedule for the next few days and make sure you leave yourself plenty of free time.

VIRGO (Aug. 24 - Sept. 23):

You have so much to look forward and although you might not quite believe that now you will start to believe it when the Sun moves into the most dynamic area of your chart on the 21st. Life is good and about to get even better.

LIBRA (Sept. 24 - Oct. 23):

If you aim to co-operate rather than compete over the next 24 hours you will accomplish so much more, especially in one-to-one situations where you have not always had the best of things in recent weeks. Be more of a team player Libra.

SCORPIO (Oct. 24 - Nov. 22):

Anyone who tells you what to think and how to feel will be left in no doubt that their opinions are not wanted. Just be careful they are not trying to play a double bluff on you by suggesting the opposite of what they truly desire.

SAGITTARIUS (Nov. 23 - Dec. 21):

Put your own needs first today, because once the Sun leaves your sign on the 21st you could find that you no longer have the clout to push ahead with plans that other people do not approve of. Use your power while you’ve still got it.  

CAPRICORN (Dec. 22 - Jan. 20):

Your best time of the year is just days away and if you are smart you will be making plans left, right and center. Keep telling yourself there is nothing you cannot do and no one you cannot impress. Believe it deeply enough and it will be true.

AQUARIUS (Jan. 21 - Feb. 19):

You will achieve more in the long term if you get together with people who share your aims and ambitions rather than going your own way each and every time. There is power in numbers and with the right people by your side you will be invincible.

PISCES (Feb. 20 - Mar. 20):

Your highly developed sixth sense rarely if ever gives you bad guidance, so if it is now warning you to take care on the work front that is exactly what you must do. The sad fact is not all your colleagues want to see you succeed.

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