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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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Trump Confirms Suspect in Charlie Kirk Killing Likely in Custody



President Donald Trump announced Friday that authorities have “with a high degree of certainty” apprehended the suspect in the fatal shooting of conservative activist Charlie Kirk. The development comes just a day after federal and state officials released surveillance images and video of the alleged gunman, described as a college-aged male who blended into the crowd at Utah Valley University in Orem.

Kirk, 31, was shot in the neck while addressing an outdoor audience as part of his “American Comeback Tour.” The attack, carried out in broad daylight, sent spectators fleeing in panic. Investigators believe the shooter fired a single round from a rooftop before fleeing on foot.

Authorities have not yet released the suspect’s name or a possible motive. Utah Governor Spencer Cox confirmed more than 7,000 tips had been received during the manhunt. Trump, who called the killing a “targeted event,” said Kirk would be posthumously awarded the Presidential Medal of Freedom.

Vice President JD Vance and his wife visited Kirk’s family on Thursday, and Trump has stated he plans to attend the funeral. Kirk’s body has been transported to Arizona, where his youth-focused political organization, Turning Point USA, is based.


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