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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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Liberals Secure Confidence Vote as Conservatives Face Internal Strife

 


The Liberal government has successfully weathered a second confidence vote in Parliament, reinforcing its hold on power despite mounting challenges. The vote, seen as a crucial test of the government’s stability, passed with enough support to keep the administration in place.

Meanwhile, the Conservative caucus is grappling with internal divisions that have spilled into public view. Disagreements over leadership direction and party strategy have fueled turmoil, weakening the opposition’s ability to present a united front against the Liberals.

Political analysts suggest that while the Liberals’ survival underscores their resilience, the ongoing Conservative discord may further shift the balance of power in Parliament. For now, the government remains intact, but both parties face pressing questions about their future direction and unity.


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