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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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Alberta Premier Smith Faces Boos Over Ottawa Energy Deal at UCP Convention

                                            Alberta Premier Danielle Smith

Alberta Premier Danielle Smith encountered a wave of disapproval from her own party members during the United Conservative Party’s annual convention in Edmonton. The backlash came after Smith highlighted her government’s recent energy deal with Ottawa, a Memorandum of Understanding aimed at advancing pipeline development to the West Coast.

While Smith described the accord as a “clear win” for Alberta, delegates were far less enthusiastic. When she asked whether members felt more confident in Canada following the agreement, the crowd responded with boos. The reaction underscored deep divisions within the party, particularly among separatist-leaning members who view any collaboration with Ottawa as a betrayal of Alberta’s autonomy.

The deal, signed earlier this week with Prime Minister Mark Carney, promises to streamline regulatory hurdles and potentially ease restrictions such as the coastal tanker ban. However, critics within the UCP argue that Alberta conceded too much, with some calling for outright independence from Canada. Jeffrey Rath, a prominent separatist voice, drew a standing ovation when he declared Alberta had received a “raw deal”.

Smith attempted to reassure delegates by emphasizing the economic benefits of the agreement, but the incident highlighted the growing tension between her leadership and grassroots members skeptical of federal cooperation. As the convention continues, Smith faces the challenge of balancing her government’s pragmatic energy strategy with the ideological demands of her party’s base.


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