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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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Auschwitz Memorial Marks 80th Anniversary of Liberation: A Solemn Tribute to Survivors

On January 27, 2025, the Auschwitz-Birkenau Memorial and Museum held solemn observances to mark the 80th anniversary of the liberation of the infamous Nazi death camp. This year's ceremony is particularly poignant as it is expected to be the last major gathering of survivors, many of whom are now in their 80s and 90s.

Among the attendees was 86-year-old Tova Friedman, who was just six years old when she was liberated from Auschwitz on January 27, 1945. She traveled from her home in New Jersey to add her voice to the warnings about rising hatred and antisemitism. "The world has become toxic," she told reporters, emphasizing the need to combat the growing crisis of distrust and animosity.

The ceremony included a walk to the Death Wall, where prisoners were executed, led by Polish President Andrzej Duda and Auschwitz-Birkenau State Museum director Piotr Cywinski. Duda spoke of the "unimaginable harm" inflicted on millions, especially the Jewish people, and emphasized Poland's role as the guardian of this memory.

World leaders and royalty, including Germany's Chancellor Olaf Scholz, French President Emmanuel Macron, and Britain's King Charles III, joined the elderly survivors in a moment of silence and reflection. The event culminated in a candle-lighting ceremony, symbolizing the enduring memory of the 1.1 million people murdered at Auschwitz.

As the last survivors fade, the message is clear: it is our duty to remember the unspeakable crimes and honor the memories of the victims. The observances serve as a stark reminder of the past and a call to action to prevent history from repeating itself.




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