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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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Rare Fuel Delivery Reaches Gaza Amid Humanitarian Crisis

 


Egyptian TV Reports Unusual Arrival of Fuel Trucks for Gaza

In a rare and significant development, Egyptian state television has reported the arrival of fuel trucks into the Gaza Strip, marking a crucial moment in the region’s ongoing humanitarian crisis. The delivery, which crossed through the Rafah border crossing, comes amid growing international pressure to ease the blockade and provide essential supplies to the besieged enclave.

The fuel is expected to support critical infrastructure, including hospitals, water treatment facilities, and power stations, many of which have been operating at minimal capacity due to severe shortages. Local officials and aid organizations have long warned that the lack of fuel threatens to collapse vital services and worsen the already dire living conditions for Gaza’s 2.3 million residents.

While the exact quantity and duration of the fuel deliveries remain unclear, the move signals a potential shift in regional cooperation and humanitarian access. Egyptian authorities have not commented on whether this delivery is part of a broader agreement or a one-time exception.

International observers continue to monitor the situation closely, hoping this rare gesture will pave the way for sustained aid and relief efforts in Gaza.

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