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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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Pierre Poilievre Faces Defeat in Ottawa-Area Riding Amid Federal Election Shake-Up

 

In a surprising turn of events during Canada's 2025 federal election, Conservative leader Pierre Poilievre is projected to lose his long-held seat in the Carleton riding. With two polls yet to report, Liberal candidate Bruce Fanjoy has taken the lead, marking a significant shift in the political landscape.

Poilievre, who has represented the Ottawa-area riding since 2004, faced a strong challenge from Fanjoy, whose campaign emphasized affordable housing and cost-of-living solutions. This defeat comes as a personal blow to Poilievre, who had previously secured the riding with a comfortable margin in past elections.

The broader election results indicate a Liberal victory nationwide, with Mark Carney poised to lead the government. While the Conservatives have made gains in other areas, Poilievre's loss underscores the unpredictable nature of this election.


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