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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 Voices Support for Possible Israeli Action Against Iran

President Donald Trump shakes hands with Israel's Prime Minister Benjamin Netanyahu during a news conference at Mar-a-Lago, Monday, Dec. 29, 2025, in Palm Beach, Fla.

During a meeting with Israeli Prime Minister Benjamin Netanyahu at Mar‑a‑Lago, U.S. President Donald Trump signaled that he would back Israeli military action against Iran if evidence emerges that Tehran is rebuilding its nuclear or missile programs. Trump suggested that the United States could also take its own steps should Iran resume activities previously halted after earlier U.S. strikes.

The discussion came as the two leaders reviewed the next phase of the Gaza ceasefire plan, including the requirement that Hamas fully disarm before further progress can be made. Netanyahu emphasized Israel’s concerns about Iran’s regional influence and its potential nuclear ambitions, while Trump stressed that Washington and Jerusalem remain aligned in preventing Iran from advancing any weapons programs.

Both leaders framed the conversation as part of a broader regional security strategy involving Iran, Hezbollah, and developments in Syria, underscoring their shared commitment to countering threats in the Middle East.


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