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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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From Olympic Slopes to FBI’s Most Wanted: The Fall of Ryan Wedding

U.S. Attorney General Pam Bondi speaks with reporters during a news conference at the Department of Justice, Wednesday, Nov. 19, 2025, in Washington, as Deputy Attorney General Todd Blanche, left, and FBI Director Kash Patel, look on.

The U.S. Department of Justice has announced new charges and a heightened reward for the capture of Ryan James Wedding, a former Canadian Olympic snowboarder now accused of leading one of the world’s most violent drug cartels. Wedding, who represented Canada at the 2002 Winter Olympics in Salt Lake City, is alleged to have transformed from athlete to international fugitive, orchestrating a vast cocaine pipeline and ordering multiple murders to protect his empire.

At a press conference in Washington, officials revealed that Wedding faces additional counts of witness tampering, intimidation, money laundering, and drug trafficking. Most shocking among the allegations is his role in the murder of a federal witness in Colombia, a crime prosecutors say was intended to block his extradition to the United States.

The FBI has now placed Wedding on its Ten Most Wanted Fugitives list, raising the reward for information leading to his capture to $15 million. Authorities believe he is hiding in Mexico under the protection of the Sinaloa cartel, using sophisticated methods to evade law enforcement.

Wedding’s alleged criminal enterprise is staggering in scale. Investigators claim he oversaw the importation of up to 60 metric tons of cocaine annually, generating billions in illicit profits. Ten other defendants have already been arrested in connection with the sprawling indictment, which paints Wedding as a modern-day Pablo Escobar.

Once celebrated for his athletic achievements, Wedding’s descent into organized crime underscores the dramatic contrast between his past and present. Law enforcement officials are urging the public to come forward with any information that could lead to his arrest, emphasizing that his capture is critical to dismantling one of the most dangerous narcotics networks in the Western Hemisphere.


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