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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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Netanyahu Signals Resistance to Turkish Role in Gaza Security Plans

                                              Israeli Prime Minister Benjamin Netanyahu

Israeli Prime Minister Benjamin Netanyahu has indicated his opposition to the deployment of Turkish forces in the Gaza Strip as part of an international stabilization mission tied to a U.S.-backed ceasefire with Hamas.

Speaking in Jerusalem alongside U.S. Vice President JD Vance, Netanyahu discussed the “day-after” scenario for Gaza, emphasizing security arrangements in the war-torn enclave. While Washington’s plan envisions an International Stabilization Force to oversee the ceasefire and support reconstruction, Netanyahu suggested that Turkey’s involvement would be unacceptable to Israel.

The Israeli leader’s stance reflects long-standing tensions with Ankara, rooted in Turkey’s support for Hamas and its broader regional ambitions. Reports indicate Netanyahu has also sought to block Turkish companies from participating in Gaza’s reconstruction efforts.

Vice President Vance, however, struck a more optimistic tone, expressing confidence that the ceasefire would hold and that the groundwork was being laid for a more stable Middle East.

Netanyahu’s remarks underscore the challenges facing international mediators as they attempt to balance competing regional interests while securing Gaza’s fragile truce.


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