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

Bloc Québécois Initiates Talks to Topple Liberal Government After Missed Deadline

 

The Bloc Québécois is poised to initiate discussions with other political parties to bring down the minority Liberal government. This move comes after the Liberals failed to meet a crucial deadline to pass two key bills. Bloc Leader Yves-François Blanchet had set the deadline last month, warning that failure to comply would lead to serious political consequences.

The two bills in question are pivotal for the Bloc, with one focusing on safeguarding supply management in trade negotiations. Despite having government support, this bill is still under Senate review. The Bloc’s decision to proceed with talks signals a significant escalation in political tensions, potentially leading to a vote of no confidence and triggering an election.

Blanchet’s firm stance underscores the Bloc’s commitment to its legislative priorities and its readiness to challenge the Liberal government’s stability. As discussions begin, the political landscape in Ottawa is set for a period of heightened uncertainty and strategic maneuvering.

Labels:

Comments

Post a Comment