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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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Canada Expands Sanctions to Target Russia’s Military and Energy Sectors

 

                                           Foreign Affairs Minister Anita Anand  


Canada has announced a new round of sanctions against Russia, intensifying pressure on Moscow over its ongoing invasion of Ukraine.

On November 12, 2025, Foreign Affairs Minister Anita Anand revealed that Canada is imposing additional measures under the Special Economic Measures (Russia) Regulations. The sanctions target 13 individuals and 11 entities, including those tied to Russia’s drone program and cyber infrastructure used in hybrid warfare strategies. For the first time, Canada has sanctioned entities supplying the digital backbone of Russia’s cyber operations against Ukraine.

The package also strikes at Russia’s energy revenues, with restrictions placed on several liquified natural gas companies. By cutting into these financial streams, Canada aims to limit Russia’s ability to fund its war effort. Minister Anand emphasized that the sanctions are designed to degrade Russia’s conventional and hybrid military capabilities, while reinforcing Canada’s leadership in countering military technologies that Russia relies on for battlefield advantage.

These measures build on Canada’s broader commitment to Ukraine, aligning with international partners to impose costs on Russia for its “unprovoked and unjustified invasion.” The announcement underscores Canada’s role as a leading voice in sanctioning military technologies and financial enablers that sustain Russia’s aggression.


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