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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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EU’s Kallas Says Russia’s Claims of Ukrainian Strikes Are a ‘Distraction’

 


European Union foreign policy chief Kaja Kallas has rejected Russia’s recent allegations that Ukraine carried out attacks on Russian territory, calling the claims a “distraction” designed to shift attention away from Moscow’s actions in the war.

Kallas argued that Russia is using unverified accusations to undermine diplomatic efforts and to create confusion among international audiences. She emphasized that such narratives fit a long‑standing pattern in which Moscow attempts to redirect blame while continuing its military campaign against Ukraine.

Russian officials recently claimed that Ukrainian drones targeted sites inside Russia, but provided little evidence to support the assertions. Ukrainian authorities have dismissed the allegations as fabrications intended for domestic propaganda.

Kallas urged European partners to remain focused on supporting Ukraine and not allow what she described as misleading narratives to derail ongoing diplomatic and humanitarian efforts.


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