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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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Tensions Flare at White House as Zelensky, Trump, and Vance Clash

In a dramatic turn of events, a meeting at the White House between Ukrainian President Volodymyr Zelensky, U.S. President Donald Trump, and Vice President JD Vance erupted into a heated exchange. The meeting, initially intended to celebrate a mineral rights deal between the United States and Ukraine, quickly devolved into a shouting match.

The confrontation began when Vice President Vance accused Zelensky of showing a lack of gratitude for the aid provided by the United States to combat Russia's invasion of Ukraine. Vance's comments were met with a strong response from Zelensky, who defended his country's position and expressed the need for continued support.

President Trump, visibly frustrated, raised his voice and warned Zelensky about the potential consequences of his actions, stating that he was "gambling with World War III". The tense atmosphere in the Oval Office was palpable as the leaders exchanged sharp words in front of reporters.

The meeting, which was supposed to mark a significant step forward in U.S.-Ukraine relations, instead highlighted the deep-seated tensions and differing perspectives between the leaders. The fallout from this confrontation remains to be seen, but it has undoubtedly added a new layer of complexity to the ongoing discussions between the two nations.

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