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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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Bitcoin Surges to New Heights: Record Highs Amidst Dollar Weakness

 


Bitcoin, the original cryptocurrency, has achieved a remarkable milestone, soaring past $72,000 for the first time. This surge marks the sixth consecutive day of gains, propelling its year-to-date rally to an impressive 70%. The driving force behind this ascent? Massive inflows into US exchange-traded funds (ETFs).

Market Insights

  • Bitcoin’s Rally: The virtual currency surged by as much as 4%, reaching a peak of $72,234 on Monday. Notably, smaller tokens like Ether, Solana, and Avalanche also experienced gains.
  • Institutional Interest: Investors have poured nearly $10 billion into a batch of new Bitcoin ETFs since their launch in the US just two months ago. This influx has ignited a broad surge across crypto markets.
  • Global Acceptance: The London Stock Exchange has confirmed its acceptance of applications for admitting Bitcoin and Ether exchange-traded notes. Additionally, Thailand’s securities regulator has granted retail investors permission to buy overseas crypto ETFs.
  • Technical Indicators: Other bullish signals include the upcoming quadrennial “halving” event scheduled for April, which will reduce Bitcoin’s supply growth by half. Furthermore, growing open interest in Chicago-based CME Group’s Bitcoin futures market and a rebound in the funding rate indicate heightened interest from both institutional and retail traders.

As Bitcoin continues its meteoric rise, all eyes remain on the crypto landscape. 


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