Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

BBC Vows to Defend Against Trump’s $5 Billion Lawsuit Threat

 

                                            People outside BBC Broadcasting House, in London    


The BBC has declared it is “determined to fight” any legal action brought by U.S. President Donald Trump, after he announced plans to sue the broadcaster for up to $5 billion over its handling of his January 6 speech.

In an internal email to staff, BBC chair Samir Shah emphasized that there is “no basis for a defamation case” and reassured employees that the corporation would vigorously defend itself. Shah noted the broadcaster’s responsibility to protect licence fee payers and insisted that the BBC would not seek a settlement, despite speculation about potential costs.

The controversy stems from a Panorama documentary that edited together separate parts of Trump’s speech, creating the impression that he had directly incited supporters to march on the U.S. Capitol. The BBC has since apologized for the misleading edit, acknowledging it unintentionally misrepresented the timeline of Trump’s remarks. However, the corporation maintains that the error does not amount to defamation.

Trump, speaking to reporters, said he intends to file the lawsuit “probably sometime next week,” claiming the edit was a deliberate attempt to damage his reputation during the 2024 presidential campaign. His legal team has demanded a retraction and compensation, warning the BBC to “govern itself accordingly”.

The case highlights the ongoing tension between Trump and major media organizations, many of which have faced similar threats in recent years. Analysts suggest the BBC’s firm stance signals its intent to resist political pressure and defend its editorial independence.

In summary: The BBC has apologized for its editing error but rejects Trump’s defamation claims, pledging to fight any lawsuit in court rather than settle.

Labels:

Comments

Post a Comment