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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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ICE Confirms Roshel Armoured Vehicles Built in U.S. Under Buy American Rules

 

The emblem of a Roshel armoured vehicle is seen at the Canadian Association of Defence and Security Industries annual defence industry trade show CANSEC in Ottawa on Wednesday, May 28, 2025. 


U.S. Immigration and Customs Enforcement (ICE) has clarified that the fleet of armoured vehicles it recently ordered from Canadian defence manufacturer Roshel will be produced in the United States, ensuring compliance with Buy American provisions.

ICE is sole-sourcing 20 Roshel Senator emergency response tactical vehicles in a contract worth approximately $10 million CAD. The agency stated that while Roshel is headquartered in Brampton, Ontario, the production of these vehicles originates in the U.S., allowing the procurement to meet domestic manufacturing requirements.

The vehicles, designed to withstand bomb blasts and heavy gunfire, are intended to support ICE agents in high-risk field operations. Similar Roshel Senator models have previously been deployed internationally, including in Ukraine’s defence efforts against Russian aggression.

Despite repeated requests, ICE has not provided a named spokesperson for the announcement, and Roshel itself has not commented publicly on the matter. The procurement has drawn criticism from some advocacy groups concerned about the militarization of immigration enforcement, while others highlight the urgency of equipping agents with advanced protective technology.

This purchase underscores the growing role of Canadian defence firms in U.S. security operations, while also reflecting the complex balance between international partnerships and domestic production rules.

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