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

Political Crosswinds: U.S. Tensions Cast Shadow on Canada’s 2026 World Cup Role

As Canada gears up to co-host the 2026 FIFA World Cup alongside the United States and Mexico, rising political tensions south of the border threaten to complicate the celebration of global sport. With the U.S. presidential election looming in 2024 and divisive rhetoric already intensifying, concerns are mounting over how shifting immigration policies, security protocols, and diplomatic relations could impact Canada’s role in the tournament.

Canadian officials are particularly wary of potential disruptions to cross-border travel, which is vital for fans, teams, and media moving between host cities. Any tightening of U.S. border controls or changes to visa policies could create logistical headaches and dampen the spirit of international unity the World Cup aims to foster.

Moreover, political instability in the U.S. could affect joint infrastructure projects and funding agreements, placing additional pressure on Canadian organizers to ensure seamless operations. While Canada remains committed to delivering a world-class experience, the unpredictability of American politics adds a layer of complexity to what should be a unifying global event.

As preparations continue, Canadian stakeholders are calling for clear communication and contingency planning to safeguard the tournament’s success—regardless of which way the political winds blow.



Labels:

Comments

Post a Comment