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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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U.S. Bars Bob Vylan After Controversial Glastonbury Performance Sparks Outrage

The U.S. State Department has revoked the visas of British punk-rap duo Bob Vylan following a controversial performance at the Glastonbury Festival that included chants widely condemned as antisemitic. During their set on the West Holts Stage, frontman Bobby Vylan led the crowd in chants such as “Free, free Palestine” and “Death, death to the IDF,” referencing the Israel Defense Forces.

U.S. Deputy Secretary of State Christopher Landau announced the decision, stating that “foreigners who glorify violence and hatred are not welcome visitors to our country”. The duo had been scheduled to tour the U.S. later this year.

The BBC, which broadcast the performance live, later issued a statement expressing regret for not cutting the stream, calling the remarks “deeply offensive” and “utterly unacceptable”. British police have also launched an investigation into the incident.

Bobby Vylan responded defiantly on social media, writing, “I said what I said,” and emphasized the importance of speaking out for change.

The incident has reignited debate over the boundaries of artistic expression, political protest, and hate speech—especially on high-profile stages like Glastonbury.

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