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5 Things to Know Today — Fed Hikes, BoE Warns, and the TSX Is Bouncing Back

  The Fed's first rate hike since 2023 rocked markets Wednesday. Here's what it means for your wallet on Friday, September 18. Friday, September 18, 2026  |  moneysavings.ca 1 The Fed Hiked — First Time Since 2023 The U.S. Federal Reserve raised its benchmark interest rate by 25 basis points to a target range of 3.75%–4.00% on Wednesday — the first hike since June 2023. Chair Kevin Warsh cited persistent inflation tied to elevated oil prices and a still-resilient economy, saying recent inflation readings hadn't improved enough to justify holding. The decision was unanimous. The updated dot plot signals one more potential hike by year-end, then a pause through 2027. Markets initially sold off, but U.S. futures are rebounding this morning as investors reframe the move as a sign the Fed is serious about getting inflation under control. 💡 What It Means for You A higher U.S. federal funds rate puts upward pressure on Canadian bond yields and mortgage rates. The BoC is already...
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From Coding to Canonization: Carlo Acutis, the First Millennial Saint

Carlo Acutis, a British-born Italian teenager, is set to become the Catholic Church’s first millennial saint. Known for his deep faith and remarkable tech skills, Acutis used his passion for computers to spread religious teachings, creating a website documenting Eucharistic miracles worldwide. His devotion to faith and service made him a beacon of inspiration for young Catholics.

Born in London in 1991 and raised in Milan, Acutis was drawn to Catholicism from an early age. He attended daily Mass, prayed the rosary, and dedicated himself to helping the less fortunate. Tragically, he passed away from leukemia at just 15 years old in 2006. His legacy, however, continued to grow, with reports of miraculous healings attributed to his intercession.

The Vatican recognized two miracles linked to Acutis, paving the way for his canonization. His official sainthood will be declared in a ceremony at St. Peter’s Square on April 27, 2025, marking a historic moment for the Church. His story resonates deeply with modern believers, proving that faith and technology can coexist in meaningful ways.


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