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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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Devastating Earthquake in Myanmar: Death Toll Surpasses 1,000

A powerful 7.7-magnitude earthquake struck Myanmar on March 28, 2025, leaving a trail of destruction and despair in its wake. The quake, centered near Mandalay, the country's second-largest city, has claimed over 1,000 lives, with more than 2,400 injured and many still missing. 

The disaster has caused widespread devastation, toppling buildings, buckling roads, and collapsing bridges. Rescue efforts are ongoing, but the scale of the destruction, coupled with power outages and limited resources, has made the situation dire. Myanmar's ongoing civil conflict has further complicated relief operations, leaving many communities isolated and in desperate need of aid.

Neighboring countries, including India and China, have stepped in to provide humanitarian assistance, sending rescue teams and essential supplies. However, the full extent of the tragedy is still unfolding, and the death toll is expected to rise as rescuers continue to search through the rubble.

This earthquake is one of the deadliest to hit Myanmar in over a century, highlighting the urgent need for international support and disaster preparedness in the region.

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