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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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Your daily horoscope: October 22, 2025

 

IF TODAY IS YOUR BIRTHDAY

You may be reluctant to take advantage of an opportunity on the work front as it does not seem to fit in with your long-term plans, but your birthday chart indicates you need to take each day as it comes rather than look too far ahead.

ARIES (March 21 - April 20):

Neptune, planet of deception moves back into the most sensitive area of your chart today but nothing bad will come of it so long as you refuse to fear the worst even when everyone else is running around in a panic. It’s life, so deal with it.

TAURUS (April 21 - May 21):

Do you walk toward a conflict of some sort or do you walk away from it? Only you can decide but as the sun is about to move into your opposite sign it will pay you to stay on good terms with everyone, if that is possible.

GEMINI (May 22 - June 21):

Cosmic activity in the career area of your chart will force you to confront your weaknesses on the work front. Don’t look at people who are better than you and think you can never compete with them – use their success to inspire you instead.

CANCER (June 22 - July 23):

Your confidence will receive a massive boost when the sun joins Mars in the most dynamic area of your chart tomorrow, but don’t let your ego get out of control. You may be good but you are not yet the best – you still have some work to do.

LEO (July 24 - Aug. 23):

Neptune’s move back into the wealth area of your chart means you will need to take extra care when dealing with business matters and anything related to property and possessions. This is most definitely not a good time to take risks.

VIRGO (Aug. 24 - Sept. 23):

What occurs over the next few days will make it clear that your recent fears were completely unfounded. The opportunities now coming your way will more than make up for any minor losses you may have sustained, so it’s really all good.

LIBRA (Sept. 24 - Oct. 23):

There may be things about your lifestyle you would like to change but the message of the stars now is that you must focus on making the best of your current situation. A major overhaul may be possible later on but for now you must be practical.

SCORPIO (Oct. 24 - Nov. 22):

What you did yesterday, the day before or even six months ago is no longer of any relevance – the only thing that matters is what you do next. There is no limit to what you can achieve if you put your mind to it, so get serious about life.

SAGITTARIUS (Nov. 23 - Dec. 21):

Don’t worry if you find it hard to connect with people you love today. Neptune’s move into the family area of your chart means everyone is a little bit unsure of themselves at the moment. It’s not that you personally have done anything wrong.

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