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

Israeli Forces Detain 100 Suspected Hamas Militants in Gaza Hospital Raid

 

In a significant military operation, Israeli troops captured around 100 suspected Hamas militants during a raid at Kamal Adwan hospital in northern Gaza, the military announced on Monday. The raid, which took place over the weekend, has been met with conflicting reports from Gaza health officials and Hamas, who deny any militant presence at the hospital.

The Israeli military stated that the operation was aimed at dismantling a Hamas stronghold within the hospital. “The soldiers apprehended approximately 100 terrorists from the compound, including those who attempted to escape during the evacuation of civilians,” a military spokesperson said. The troops reportedly found weapons, terror funds, and intelligence documents inside the hospital.

Gaza’s health ministry, however, has accused the Israeli forces of detaining dozens of male medical staff and causing significant damage to the hospital, which was already struggling due to ongoing raids in the area. Footage released by the health ministry showed extensive damage to several buildings, though this has not been independently verified.

The raid has intensified the already dire humanitarian situation in northern Gaza, where thousands of civilians are trapped amid ongoing military operations. The Israeli military has urged civilians to evacuate the area, but many have been unable to leave due to the continuous fighting.

This operation is part of a broader Israeli offensive aimed at rooting out Hamas militants following a series of deadly attacks. The conflict has resulted in significant casualties on both sides, with international calls for a ceasefire growing louder.


Labels:

Comments

Post a Comment