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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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Cloudy Water, Delayed Care: Lawyers Sound Alarm on Texas Family Detention Center

Immigrants seeking asylum walk at the ICE South Texas Family Residential Center in Dilley, Texas, August, 2019.

Attorneys representing immigrant children are raising urgent concerns over conditions at the South Texas Family Residential Center in Dilley, which reopened in March. Families held there report cloudy, foul-smelling tap water that causes stomach issues, delayed medical treatment, and prolonged detention periods beyond federal guidelines.

Court declarations describe children and adults competing for clean water, with bottled water sold at $1.21 from the commissary. Basic hygiene items and over-the-counter medicine carry steep prices, while some detainees wait hours for medical attention — including a child with appendicitis who was not hospitalized until after vomiting.

The accounts emerged in a lawsuit challenging the government’s bid to end the Flores Settlement Agreement, which limits detention time for minors and mandates safe, sanitary conditions. While federal data shows most children are held under 72 hours, attorneys say some remain in custody for weeks or months without clear justification.

Advocates warn that without the settlement’s oversight, transparency and accountability inside such facilities could vanish, leaving vulnerable families at greater risk.

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