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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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Tragedy Strikes: Dominican Republic Nightclub Roof Collapse Claims Lives

A devastating incident unfolded in Santo Domingo, Dominican Republic, as the roof of the iconic Jet Set nightclub collapsed during a merengue concert. The tragedy occurred in the early hours of Tuesday, leaving at least 98 people dead and over 160 injured. Rescue workers have been tirelessly searching for survivors amidst the rubble, with sounds of life still being detected.

The nightclub, a popular venue for music and dance, was hosting a performance by renowned merengue artist Rubby Pérez when the roof caved in. Among the deceased are notable figures, including former Major League Baseball players Octavio Dotel and Tony Enrique Blanco Cabrera. The cause of the collapse remains under investigation, but the incident has left the community in shock and mourning.

Emergency crews have been working around the clock, prioritizing areas where survivors may still be trapped. Families of the missing have gathered at the site, holding vigils and hoping for news of their loved ones. The Dominican authorities have pledged full support for rescue efforts and an investigation into the tragedy.

This heartbreaking event has shaken the nation, highlighting the need for stringent safety measures in public venues. As the community grieves, the focus remains on saving lives and uncovering the reasons behind this catastrophic collapse.

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