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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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Trump Faces MAGA Backlash Over Epstein Files Reversal

 

In a surprising twist, President Donald Trump finds himself at odds with his own base as fallout intensifies over the administration’s handling of the Jeffrey Epstein case. For years, Trump and his allies fueled speculation around Epstein’s alleged “client list,” a supposed trove of names tied to sex trafficking conspiracies. But a recent Justice Department memo concluded there was no incriminating list and reaffirmed that Epstein died by suicide in 2019.

The reversal has sparked outrage among MAGA loyalists, many of whom feel betrayed after months of promises to release explosive documents. Influencers like Charlie Kirk and Dan Bongino, once vocal proponents of the theory, have either backtracked or clashed with Attorney General Pam Bondi over the administration’s messaging. Trump has defended Bondi and urged supporters to “move on,” calling the Epstein saga “boring” and “a distraction”.

Despite efforts to contain the damage—including outreach to conservative media figures and talk of appointing a special prosecutor—the controversy has exposed fractures within Trump’s coalition. Some allies, including Rep. Marjorie Taylor Greene and Steve Bannon, continue to demand transparency, while Democrats seize the moment to push for full disclosure.

As Trump attempts to shift focus back to his broader agenda, the Epstein fallout remains a thorny issue—one that could test the durability of his political grip heading into the next election cycle.

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