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

Chaos at Times Square: Three Injured in Early Morning Shooting

 

                                            Times Square, New York

A shooting in the heart of Times Square early Saturday morning left three people wounded and sent shockwaves through one of the world’s busiest tourist destinations.

According to the New York Police Department, the incident occurred around 1:20 a.m. following a verbal altercation between the alleged shooter and one of the victims. The victims include an 18-year-old woman, a 19-year-old man, and a 65-year-old man—all of whom are currently in stable condition at Bellevue Hospital.

Authorities have detained a 17-year-old male suspect and recovered a firearm from the scene. Police are still investigating whether the shooter and victims were acquainted.

Videos circulating on social media captured the chaos, with pedestrians fleeing and emergency responders attending to the wounded near the intersection of West 44th Street and 7th Avenue.

Despite the alarming nature of the event, officials noted that gun violence in New York City has declined significantly this year, with shooting incidents down 23% compared to the same period last year.

The investigation remains ongoing, and no charges have been filed yet.

Labels:

Comments

Post a Comment