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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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Diplomatic Tensions Rise Over Alleged U.S. Covert Efforts in Greenland

                                           Denmark's Foreign Minister Lars Lokke Rasmussen.

Denmark has formally summoned the top U.S. diplomat in Copenhagen following reports that individuals linked to former U.S. President Donald Trump allegedly engaged in covert influence campaigns in Greenland.

According to Danish public broadcaster DR, at least three Americans sought to foster ties with Greenlandic political figures, business leaders, and community members in an effort to build support for the territory’s independence from Denmark — and closer alignment with the United States.

Foreign Minister Lars Løkke Rasmussen condemned any such interference as “completely unacceptable,” stressing that decisions about Greenland’s future rest solely with its people. The U.S. embassy has yet to issue a comment.

Greenland, a semi-autonomous Danish territory, holds strategic significance due to its mineral wealth and location in the rapidly changing Arctic region, where global powers are vying for influence. This latest incident underscores the geopolitical competition unfolding as climate change opens new maritime and resource opportunities.



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