Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Over 300 Dead After Flash Floods in Afghanistan

 


Flash floods resulting from unusually heavy seasonal rains in Afghanistan have claimed the lives of more than 300 people and destroyed over 1,000 houses, according to the United Nations food agency. The disaster struck the northern province of Baghlan, leaving devastation in its wake.

The floods, triggered by heavy rainfall, have wreaked havoc in the region. Zabihullah Mujahid, the chief spokesman for the Taliban government, confirmed the grim toll, stating that “hundreds have succumbed to these calamitous floods, while a substantial number have sustained injuries.” The situation remains dire as rescue efforts continue and communities grapple with the aftermath.

The World Food Agency is actively distributing fortified biscuits to survivors, providing essential sustenance during this crisis. The floods have disrupted lives, displaced families, and underscored the urgent need for disaster preparedness and response measures.

Our hearts go out to the affected communities, and we hope for swift recovery and support for those impacted by this natural disaster.


Labels:

Comments

Post a Comment