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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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Ford Cabinet Vehicles Racked Up 23 Speeding Tickets Amid Push to Scrap Cameras

Premier Doug Ford arrives to speak about roadway speed cameras at the Vaughan Joint Operations Centre in Vaughan, Ontario on Thursday, Sept. 25, 2025.

Vehicles registered to Ontario Premier Doug Ford’s cabinet ministers have been caught by automated speed cameras more than 20 times in the past three years, according to documents obtained through freedom of information requests.

Between 2023 and May 2025, government vehicles linked to cabinet members received 23 speeding tickets, totaling over $3,300 in fines. The infractions ranged from 11 km/h to 30 km/h over the limit, with the steepest fine reaching $450 for a vehicle clocked at 70 km/h in a 40 zone. On average, the vehicles were traveling 17 km/h above posted limits.

The records do not reveal which ministers or staff were behind the wheel at the time. A spokesperson for the premier’s office confirmed that all fines were paid personally by ministers or staff, stressing that government vehicles are expected to be operated in compliance with traffic laws.

The revelations come as Ford’s government prepares legislation to ban automated speed enforcement across Ontario, a move the premier has defended by calling the cameras a “tax grab.” Critics argue the timing raises questions about the government’s motivations, especially since many of the tickets were issued in school zones where safety is a top concern.


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