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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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Putin Threatens Force if Ukraine Rejects Peace Talks

Russia's President Vladimir Putin visits a command post for the joint force grouping on Dec. 27, 2025.

Russian President Vladimir Putin has warned that Moscow will pursue its objectives in Ukraine “by force” if Kyiv refuses to engage in peace negotiations. His comments followed a night of heavy Russian drone and missile strikes that hit Kyiv and nearby regions, causing casualties and widespread damage.

Putin accused Ukraine of avoiding diplomatic dialogue and insisted that Russia would continue its military campaign until all of its stated goals are met. Russian military officials reported recent territorial gains in the Donetsk region, which the Kremlin framed as evidence of continued momentum.

Ukrainian President Volodymyr Zelenskyy dismissed Putin’s remarks, arguing that the latest attacks show Russia has no genuine interest in peace. Kyiv maintains that any negotiations must respect Ukraine’s sovereignty and territorial integrity—conditions Russia has repeatedly rejected.

The exchange comes as Ukraine prepares for a new round of international diplomacy aimed at securing additional support and exploring potential paths toward ending the conflict.


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