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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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U.S. Confirms Strike on Venezuelan Dock Amid Anti‑Drug Campaign

A US Air Force Boeing C-5 Galaxy is parked at José Aponte de la Torre airport in Ceiba, Puerto Rico, as US President Donald Trump sends fighter jets to the Caribbean island as part of his war on drug cartels.



The United States has carried out a strike on a dockside facility in Venezuela that President Donald Trump says was used to load boats involved in drug trafficking. Speaking to reporters in Florida, Trump described a “major explosion” at the site, calling it a key point where vessels “load up with drugs” before departing the country.

The president first referenced the operation during a radio interview days earlier, suggesting the strike occurred two nights prior. While Trump emphasized that the U.S. “hit them very hard,” he declined to specify whether the attack was conducted by the military or intelligence services, nor did he identify the exact location of the facility.

If confirmed, the strike would mark the first known U.S. land operation in Venezuela since Washington intensified its pressure campaign on President Nicolás Maduro’s government. The action follows a series of U.S. strikes on alleged drug‑smuggling boats in the Caribbean and eastern Pacific in recent months.

Venezuelan authorities have not publicly confirmed the incident, and U.S. officials have released no additional details. The lack of clarity leaves open questions about the scope of the operation and its implications for already strained U.S.–Venezuela relations.


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