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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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Trump and Netanyahu Prepare for High‑Stakes Talks on Gaza Strategy

US President Donald Trump gestures next to Israeli PM Benjamin Netanyahu at Ben Gurion International Airport in Lod, Israel.

U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu are set to meet at Mar‑a‑Lago to discuss the next phase of the Gaza plan, a pivotal moment as both sides navigate a fragile and evolving ceasefire framework.

The first stage of the plan has focused on reducing hostilities, securing the release of hostages, and coordinating limited Israeli withdrawals. While the ceasefire has largely held, progress toward the next phase has slowed, raising concerns about long‑term stability.

The upcoming discussions are expected to center on the more complex second phase, which involves questions about Gaza’s future governance, security arrangements, and the role of regional partners. Trump is aiming to accelerate momentum and reinforce U.S. leadership in shaping the post‑conflict landscape, while Netanyahu is expected to emphasize Israel’s security priorities and the broader regional threat environment.

The meeting underscores the high stakes surrounding Gaza’s future and the delicate diplomacy required to move the process forward.


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