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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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Passover 2025: A Celebration of Freedom and Tradition

 

Passover, also known as Pesach, is a significant Jewish holiday that commemorates the liberation of the Israelites from slavery in ancient Egypt. In 2025, Passover begins at sundown on Saturday, April 12, and concludes at nightfall on Sunday, April 20.

This eight-day festival is rich in traditions and rituals. It starts with the Seder, a ceremonial meal held on the first two nights (or just the first night in Israel). The Seder includes storytelling, symbolic foods, and the recitation of prayers, all aimed at retelling the story of the Exodus. Throughout the holiday, leavened products are avoided, and matzah, an unleavened bread, is eaten to honor the haste with which the Israelites left Egypt.

Passover is not only a time for reflection and gratitude but also a celebration of freedom and resilience. It serves as a reminder of the enduring spirit of a people who overcame adversity to forge a new path.

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