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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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Ukraine’s Partners Reaffirm Commitment to Aid and Security Guarantees

Ukrainian President Volodymyr Zelenskiy exits a vehicle as he returns to the Elysee Palace, on the day of a summit of the Coalition of the Willing, in Paris.

Ukraine’s international allies have reaffirmed their commitment to providing sustained and intensive aid to Kyiv, underscoring the importance of robust security guarantees for lasting peace. Following high-level talks held both virtually and in Paris among members of the so-called “coalition of the willing,” Czech Prime Minister Petr Fiala stressed the need to maintain pressure on Russia to create conditions for a just resolution to the conflict.

Fiala emphasized that continued support—both military and political—is essential to Ukraine’s defense and long-term stability. Leaders from multiple nations participated in the discussions, presenting a united front against Russian aggression and signaling that international backing for Ukraine remains steadfast.


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