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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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Interprovincial Tensions Rise as Hodgson Meets Eby in B.C.

                                      Federal Energy Minister Tim Hodgson
 

British Columbia Premier David Eby welcomed Ontario’s Energy Minister Todd Hodgson in Vancouver this week, as the political and economic ripple effects of Alberta’s recent energy deal continue to spread across provincial borders.

The Alberta agreement, which critics say undermines regional cooperation on energy pricing and distribution, has prompted concern among other provinces about its long-term impact on national energy strategy. Hodgson’s visit to B.C. signals Ontario’s intent to strengthen ties with British Columbia and coordinate responses to Alberta’s move.

Discussions between Hodgson and Eby reportedly focused on shared priorities such as clean energy investment, interprovincial trade, and ensuring fair competition in the energy market. While no formal agreements were announced, both leaders emphasized the importance of collaboration in navigating the shifting landscape of Canada’s energy sector.

Observers note that the meeting underscores growing interprovincial tensions, with provinces increasingly seeking alliances to counterbalance Alberta’s assertive energy policies.

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