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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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Utah Man Arrested in Charlie Kirk Assassination Faces Imminent Charges

People gather during a vigil for US right-wing activist and commentator Charlie Kirk, who was fatally shot while speaking at an outdoor event at Utah Valley University.

Utah authorities have confirmed that Tyler Robinson, 22, remains in custody on suspicion of fatally shooting conservative activist Charlie Kirk during a public event at Utah Valley University in Orem. The killing, described by Governor Spencer Cox as a “watershed in American history,” has drawn condemnation across the political spectrum.

Kirk, co-founder of Turning Point USA and a close ally of President Donald Trump, was struck by a single rifle shot from a rooftop while addressing a crowd of about 3,000 people. The sniper fled amid the chaos, but investigators later recovered a bolt-action rifle believed to be the murder weapon. Surveillance footage, online activity, and tips from Robinson’s relatives — who reported that he had implicated himself — led to his arrest after a 33-hour manhunt.

Robinson, a third-year student at Dixie Technical College, is being held on suspicion of aggravated murder and other charges, which are expected to be formally filed early next week. Authorities have not disclosed a definitive motive, but ammunition recovered at the scene bore inscriptions suggesting political hostility.

The assassination has intensified debate over political violence in the United States, with Kirk’s widow vowing to continue his work and national leaders calling for unity in the face of extremism.


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