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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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Daylight Saving Time 2024: When the Clocks Fall Back

 

As autumn settles in and the days grow shorter, it’s time to prepare for the end of Daylight Saving Time (DST) in 2024. This year, DST will officially end at 2 a.m. local time on Sunday, November 3rd. This means that clocks will “fall back” one hour, giving us an extra hour of sleep and marking the return to standard time.

The practice of adjusting clocks during DST aims to make better use of daylight during the longer days of spring and summer. However, as we move into the colder months, the shift back to standard time provides more daylight in the morning, which can be beneficial for early risers.

While the extra hour of sleep is often welcomed, the transition can be a bit disorienting. Here are a few tips to help you adjust smoothly:

  • Gradual Adjustment: Start going to bed 15-30 minutes earlier a few days before the change.
  • Morning Light: Spend time outside in the morning light to help reset your internal clock.
  • Consistent Routine: Stick to a regular sleep schedule, even on weekends.

Remember to update any manual clocks before going to bed on November 2nd to avoid confusion the next morning. Enjoy the extra hour of rest and the cozy fall mornings!


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