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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. Considers 15‑Year Security Pact for Ukraine in Emerging Peace Proposal

                                                 Donald Trump shakes hands with Volodymyr Zelensky.

The United States has offered Ukraine a 15‑year security guarantee as part of a broader peace framework aimed at ending the war with Russia, according to Ukrainian President Volodymyr Zelensky.

Zelensky described the proposal as a meaningful step but emphasized that Ukraine is seeking a longer-term commitment, ideally spanning 30 to 50 years, to ensure lasting protection against future Russian aggression.

The discussions took place during Zelensky’s meeting with U.S. President Donald Trump at Mar‑a‑Lago, where both sides reviewed potential terms for a negotiated settlement. While Washington has expressed optimism that the two countries are closer to an agreement, several major issues remain unresolved — including the status of Russian forces and the future of the Zaporizhzhia nuclear power plant.

Zelensky reiterated that credible, long-duration security guarantees are essential for any sustainable peace. He warned that without them, the conflict risks reigniting even if a temporary deal is reached.

Negotiations are ongoing, and both sides acknowledge that the path to a final agreement remains complex.

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