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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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Sudan’s RSF Declares Three-Month Humanitarian Truce Amid Ongoing Conflict

Chadian soldiers inspect vehicles travelling between Chad and Sudan, amid the ongoing conflict between the paramilitary Rapid Support Forces (RSF) and the Sudanese Army, at the Tine border post in eastern Chad, November 22, 2025. 

Sudan’s paramilitary Rapid Support Forces (RSF) announced that it will enter into a unilateral three-month humanitarian ceasefire, marking a rare pause in the country’s devastating civil war. The declaration comes just one day after Sudan’s regular army rejected an international ceasefire proposal backed by the United States and its allies.

RSF commander Mohamed Hamdan Dagalo, widely known as Hemedti, delivered the announcement in a recorded video address. He stated that the truce was made “in response to international efforts, including the initiative of U.S. President Donald Trump and the Quad mediators”—a group comprising the United States, Saudi Arabia, the United Arab Emirates, and Egypt. Dagalo emphasized that the ceasefire aims to allow humanitarian aid to reach civilians trapped in conflict zones, particularly in Darfur, where fighting has displaced thousands and worsened famine conditions.

The RSF pledged to halt all hostile actions during the truce, secure the movement of aid workers, and protect facilities belonging to relief organizations. It also announced support for a field monitoring mechanism to oversee the ceasefire’s implementation under international supervision.

Despite this announcement, skepticism remains. The Sudanese Armed Forces, led by General Abdel Fattah al-Burhan, have not agreed to the truce and previously dismissed the Quad’s proposal. Analysts warn that without reciprocal commitment from the army, the ceasefire may struggle to hold.

Sudan’s war, which erupted in April 2023, has created one of the world’s worst humanitarian crises. Millions have been displaced, famine has spread, and international mediators have so far failed to secure lasting peace. The RSF’s unilateral move, while significant, underscores the fragile nature of negotiations and the urgent need for both sides to commit to ending hostilities.


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