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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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Hollywood Faces Uncertain Future as Trump Announces 100% Tariff on Foreign Films

 

In a move that has sent shockwaves through the global film industry, President Donald Trump has announced a 100% tariff on all movies produced outside the United States. The decision, revealed via his Truth Social platform, is aimed at revitalizing the American movie industry, which he claims is "dying a very fast death" due to foreign incentives luring productions away from Hollywood.  

Trump has authorized the Department of Commerce and the U.S. Trade Representative to begin implementing the tariff immediately. However, details on how the policy will be enforced remain unclear, leaving industry insiders scrambling to assess its potential impact.  

The announcement has sparked concern and confusion among filmmakers, particularly those involved in international productions. Many Hollywood blockbusters, including franchises like Mission: Impossible and Avatar, rely on overseas locations for filming. The tariff could significantly increase costs for studios and disrupt ongoing projects.  

Critics argue that the move could harm rather than help the U.S. film industry, as it may discourage international collaboration and limit the diversity of films available to American audiences. Meanwhile, supporters believe it could encourage more domestic production and bring jobs back to Hollywood.  

As the industry awaits further clarification, one thing is certain—Trump’s latest trade policy has ignited a fierce debate over the future of filmmaking in America.  



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