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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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Tunnel Standoff Threatens Fragile Gaza Ceasefire

           Palestinian Hamas militants attend an anti-Israel rally in Khan Younis, in the southern Gaza Strip

Efforts to solidify a U.S.-brokered ceasefire between Israel and Hamas are facing a serious obstacle: hundreds of Hamas fighters remain trapped in underground tunnels, refusing to surrender. Mediators have been pressing both sides to move forward with the second phase of the truce, but the stalemate over the fighters has become a central sticking point.

The ceasefire, which began last month after two years of devastating conflict, has so far held tenuously. Israel has returned the bodies of several Palestinians, while Hamas has handed over remains of Israeli hostages, signaling incremental progress. Yet the tunnel issue in Rafah threatens to unravel these gains. Hamas appears willing to negotiate safe passage for its fighters in exchange for preserving the truce, but Israel is demanding stricter terms, including possible detention of senior Hamas leaders.

Diplomats warn that unless the standoff is resolved, the fragile truce could collapse. The tunnels, long a hallmark of Hamas’s military strategy, now represent both a tactical liability and a political bargaining chip. For Israel, eliminating them is essential to security; for Hamas, they are a last line of defense. The outcome of this dispute will likely determine whether the ceasefire evolves into a lasting peace or falls apart under pressure.

As negotiations continue, the world watches anxiously, aware that the fate of trapped fighters in Gaza’s tunnels could decide the future of the region’s most fragile peace effort in years.

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