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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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Supreme Court Mandates Stray Dog Relocation Amid Rabies Surge in Delhi

 

                            Some reports suggest there are as many as one million stray dogs in New Delhi


India’s Supreme Court has issued a sweeping directive for authorities in Delhi and its surrounding regions to relocate all stray dogs to shelters within eight weeks, following a troubling rise in rabies cases, particularly among children.

The court emphasized that public safety must take precedence over sentiment, stating that “infants and young children should not at any cost fall prey to rabies”. Delhi reportedly has up to one million stray dogs, and recent hospital data suggests nearly 2,000 dog bite incidents occur daily in the city.

Authorities have been instructed to begin by capturing 5,000 dogs from high-risk areas and transferring them to shelters equipped with staff and surveillance systems. The court also ordered the creation of a 24-hour helpline for reporting dog bites and mandated public awareness campaigns about anti-rabies vaccination sites.

While the move has been welcomed by some officials, animal welfare advocates have criticized the plan as impractical and inhumane. Conservationists argue that mass sterilization and vaccination are more effective long-term solutions than relocation.

The ruling marks a significant shift in India’s approach to managing its stray dog population, aiming to balance public health concerns with animal welfare.

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