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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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Historic Accord: Armenia and Azerbaijan Seal Peace Deal at White House

Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev meet in Abu Dhabi, United Arab Emirates last month.

In a landmark moment for the South Caucasus region, the leaders of Armenia and Azerbaijan convened at the White House on Friday to sign a U.S.-brokered peace agreement aimed at ending nearly four decades of conflict.

President Donald Trump hosted Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan for what was dubbed the “TRIPP Summit,” named after the newly designated Trump Route for International Peace and Prosperity—a strategic transit corridor connecting the two nations. The United States secured exclusive development rights to the corridor, which is expected to facilitate trade, energy, and infrastructure projects across the region.

The peace deal marks the first formal agreement between the two former Soviet republics since hostilities began in 1988 over the disputed Nagorno-Karabakh region. While the accord has been hailed as a diplomatic breakthrough, critics have raised concerns over unresolved issues, including the displacement of ethnic Armenians and the fate of prisoners of war.

In addition to the peace declaration, separate bilateral agreements were signed between the U.S. and each country, covering energy, technology, border security, and economic cooperation.

The signing ceremony signals a potential turning point for a region long plagued by ethnic tensions and geopolitical rivalries. Whether this agreement leads to lasting peace remains to be seen—but for now, it’s a moment of cautious optimism.

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