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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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Zelensky Heads to Washington as Trump Shifts Focus to Full Peace Deal After Failed U.S.-Russia Ceasefire Talks

 

U.S. President Donald Trump and Russia's President Vladimir Putin at a news conference in Anchorage, Alaska, on Friday.


Ukrainian President Volodymyr Zelensky will meet U.S. President Donald Trump at the White House on Monday, just days after a high-profile U.S.-Russia summit in Alaska ended without securing a ceasefire in Ukraine.

The Alaska talks between Trump and Russian President Vladimir Putin produced no agreement to halt the fighting, but Trump emerged advocating for a comprehensive peace agreement rather than a temporary truce — a stance that aligns with Moscow’s position.

Zelensky, who was not invited to the summit, said he held a “long and substantive” conversation with Trump early Saturday and welcomed the invitation to Washington. The two leaders are expected to discuss “all of the details regarding ending the killing and the war,” with Trump suggesting that, if progress is made, a trilateral meeting with Putin could follow.

European leaders, briefed by Trump after the summit, expressed readiness to support a three-way meeting and pledged to maintain pressure on Russia until a “just and lasting peace” is achieved.

The meeting will mark Zelensky’s first visit to the U.S. since a tense Oval Office exchange with Trump earlier this year. It comes as the war — now in its fourth year — continues to claim lives daily, with both sides showing no sign of slowing military operations.

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