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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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Global Airlines Reroute Flights Amid Escalating Middle East Tensions

 

Following recent U.S. strikes on Iranian nuclear facilities, commercial airlines are continuing to steer clear of large swaths of Middle Eastern airspace, citing heightened security risks. According to flight tracking data from FlightRadar24, aircraft are avoiding skies over Iran, Iraq, Syria, and Israel, instead opting for longer routes via the Caspian Sea or through Egypt and Saudi Arabia.

These detours, while ensuring passenger safety, are leading to increased fuel consumption, extended flight times, and higher operational costs for carriers. The situation has also prompted several airlines to suspend flights to affected destinations entirely, with some governments organizing evacuation efforts for their citizens.

Aviation risk monitoring group Safe Airspace has warned that the U.S. attacks may elevate threats to American operators in the region, although no direct threats to civil aviation have been reported so far.

As tensions remain high and missile exchanges persist, the global aviation industry is bracing for continued disruption in one of the world’s most geopolitically sensitive corridors.

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