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5 Things to Know Today — September 17, 2026

  Thursday, September 17, 2026  A historic Fed rate hike, Carney embracing EU associate status, a sliding TSX, oil pulling back from four-month highs, and a high-stakes vote in Newfoundland — here is what every Canadian needs to watch today. ITEM 1 OF 5 The Fed Raised Rates for the First Time in Three Years The U.S. Federal Reserve hiked its benchmark interest rate by 25 basis points Wednesday to a target range of 3.75–4.00%, defying public pressure from President Trump who had pushed for a cut. It marks the Fed’s first rate increase since 2023. Sixteen of eighteen FOMC officials signalled at least one further hike is likely before year-end. For Canadian markets, the ripple effects are real even though the Bank of Canada (still holding at 2.25%) does not move in lockstep with Washington. Higher U.S. Treasury yields, which have already pushed above 5%, pull Canadian government bond yields upward — and it is those bond yields, not the BoC’s overnight rate, that drive the 5-year ...
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Wall Street’s Bears Warn of Risks to Stocks Amid Slowing Economy


Wall Street’s stock sell-off is intensifying as concerns grow over the health of the US economy Dow Jones Industrial Average futures dropped 800 points, while Nasdaq 100 futures fell nearly 5%, and S&P 500 futures declined almost 3%. The CBOE Volatility Index soared to its highest level since the early days of the COVID-19 pandemic.

The global stock market is experiencing a rapid sell-off following a lackluster US jobs report, raising concerns about the economy and the Federal Reserve’s timing on interest rate cuts. Major companies like Apple, Nvidia, and Tesla saw significant declines, and Bitcoin dropped over 15%.

The sell-off has spread globally, with Japan’s Nikkei 225 experiencing its biggest-ever daily loss. Oil prices also fell, with WTI crude futures nearing $72 a barrel. This week, US unemployment claims will be closely watched for further economic insights.



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