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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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Iran Warns of “Severe” Retaliation Amid Escalating Tensions

            Iran threatens ‘harsh, regrettable’ response to any aggression after claiming full-scale war with the US, Israel.

Iran has issued a sharp warning that any act of aggression against the country will trigger a “harsh” and “regret‑inducing” response, signaling a hardening stance as regional tensions continue to rise. President Masoud Pezeshkian delivered the message publicly, stressing that Iran will not hesitate to defend itself against external threats.

The warning followed renewed statements from U.S. leadership suggesting that Washington would respond forcefully if Iran attempts to rebuild elements of its missile or nuclear programs. Iranian officials quickly pushed back, accusing the United States of escalating rhetoric and attempting to intimidate the country.

Senior advisers in Tehran echoed the president’s remarks, emphasizing that Iran views any military strike or covert action as a direct attack on its sovereignty. The exchange has fueled concerns among analysts who fear that heightened rhetoric on both sides increases the risk of miscalculation.

For now, Iran’s message remains firm: any strike or perceived act of aggression will be met with a powerful and immediate response.


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