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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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Trump’s Historic Criminal Trial: A Closer Look

 


On Monday, Donald Trump will once again make history, becoming the first former president to face trial on criminal charges. The trial, presided over by Manhattan District Attorney Alvin Bragg, centers around 34 felony counts of falsifying business records.

The Allegations

The charges stem from a $130,000 payment made to adult film star Stormy Daniels prior to the 2016 presidential election. Prosecutors assert that this payment was intended to keep Daniels quiet about an alleged extramarital affair with Trump. While the act of paying hush money itself is not a felony, it becomes one when used to facilitate other crimes, such as violating tax and campaign finance laws.

Trial Details

  • Jury Selection: The trial kicks off with jury selection at the Manhattan Criminal Courthouse in New York City.
  • Duration: Expect the trial to span six to eight weeks, with sessions held on Mondays, Tuesdays, Thursdays, and Fridays.
  • Television Coverage: Unfortunately, the trial won’t be televised. Reporters will be allowed inside the courtroom, but news photographers will have only 45 seconds of access each day before sessions begin.

Key Witnesses

Here’s a glimpse of who’s expected to take the stand for the prosecution:

  1. David Pecker: Former CEO of American Media (AMI), involved in a “catch and kill” arrangement to bury damaging stories about Trump.
  2. Karen McDougal: Former Playboy model who received a $150,000 payment from AMI for her story about an alleged affair with Trump.
  3. Michael Cohen: Trump’s former lawyer, who arranged the $130,000 payment to Daniels and was reimbursed in a way that concealed the transaction.

As the trial unfolds, all eyes will be on the courtroom, waiting to see how this historic case plays out. 

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