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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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Wall Street Futures Climb as TSMC’s Record Earnings Outshine Trade Tensions



U.S. stock futures edged higher on Thursday, lifted by Taiwan Semiconductor Manufacturing Company’s (TSMC) blockbuster third-quarter results, which reassured investors amid renewed U.S.-China trade frictions.

TSMC, the world’s largest contract chipmaker, reported revenue of $33.1 billion, up more than 30% year-over-year, with profits surging nearly 39% thanks to booming demand for artificial intelligence chips. The company also raised its full-year outlook, signaling confidence that AI-driven growth will continue to fuel the semiconductor sector.

The upbeat earnings rippled across Wall Street:

  • Nasdaq 100 futures rose about 0.6%, buoyed by gains in AI-linked stocks like Nvidia.
  • S&P 500 futures advanced roughly 0.5%, while
  • Dow Jones Industrial Average futures added 0.3%, despite its smaller tech weighting.

These gains came even as escalating U.S.-China trade tensions injected fresh uncertainty into global markets. Washington and Beijing have recently exchanged new tariff threats and export restrictions, sparking fears of supply chain disruptions.

Still, for now, investors appear more focused on the strength of corporate earnings than on geopolitical risks. TSMC’s stellar performance has reinforced optimism that the AI boom could help offset broader economic headwinds.


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