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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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UAE Secures Deal to Acquire Advanced AI Chips from U.S

The United Arab Emirates (UAE) and the United States have reached an agreement allowing Abu Dhabi to purchase some of the most advanced artificial intelligence semiconductors from American companies. The deal, finalized during U.S. President Donald Trump's visit to Abu Dhabi, is seen as a significant step in strengthening technological cooperation between the two nations.  

Trump emphasized the economic benefits of the agreement, stating that it would generate billions of dollars in business and accelerate the UAE’s ambitions to become a global leader in artificial intelligence. The arrangement also reflects the U.S. administration’s confidence in managing the security of these chips, with provisions requiring data centers to be operated by American firms.  

The UAE has been actively investing in AI and technology, committing to a 10-year, $1.4 trillion investment framework in the U.S. across sectors such as energy, AI, and manufacturing. This latest agreement further cements the UAE’s position as a key player in the AI industry while reinforcing its strategic ties with the U.S.  

As the global race for AI dominance intensifies, this partnership marks a crucial development in the geopolitical landscape of advanced technology.

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