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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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Air Canada Expands Global Routes as Canadians Look Beyond the U.S.

People walk near the Air Canada check-in area inside Terminal 1 of Toronto Pearson International Airport, in Mississauga, Ont., on Wednesday, Aug. 13, 2025. 

Air Canada is increasing flights across Canada and to international destinations as travellers show less interest in visiting the United States. The airline has strengthened its domestic network while boosting capacity in Europe, the Caribbean, and Latin America.

The shift reflects changing travel patterns, with Canadians showing renewed enthusiasm for overseas trips and sun destinations. Domestic travel is also seeing a surge, helping the airline balance reduced demand for cross-border routes.

By expanding its reach beyond the U.S., Air Canada is positioning itself to capture demand in regions where travellers feel more confident. The strategy highlights resilience and adaptability in a competitive aviation market, while offering passengers more options both at home and abroad.


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