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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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Tensions Flare as Syria Accuses Israel of Seizing Territory Near Mount Hermon Amid Peace Talks

 

Israeli soldiers ride in a military vehicle along the ceasefire line with Syria and the Israeli-occupied Golan Heights, as seen from the Golan Heights last December


Syria’s foreign ministry has accused Israel of sending 60 soldiers across the border to take control of a strategic area near Mount Hermon, calling the move a violation of its sovereignty and a “direct threat” to regional peace.

The incident reportedly occurred near a hilltop overlooking Beit Jinn, close to the Lebanese border — an area long associated with arms smuggling by Hezbollah and Palestinian factions. Syrian officials say six Syrians were arrested during the operation, while the Israeli military claims it was targeting weapons depots and seized RPGs, rifles, and explosives.

The escalation comes as both nations engage in US-mediated talks aimed at de-escalating tensions in southern Syria. Damascus hopes these negotiations could lead to a broader security arrangement, but the latest developments risk undermining progress.

Israel has maintained a military presence on Mount Hermon since the fall of Bashar al-Assad in December 2024, citing the need to protect the Druze minority in southern Syria and to prevent hostile groups from gaining a foothold near its borders.

With both sides trading accusations and no immediate comment from Israeli officials on the latest claims, the standoff underscores the fragility of ongoing diplomatic efforts.

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