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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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Wall Street Futures Slip as Tech Weakness Marks Final Week of 2025

U.S. stock futures edged lower Monday as markets entered the final trading week of 2025, with declines in major tech names weighing on sentiment. Nasdaq futures led the pullback, pressured by early drops in Nvidia and Tesla, both of which slipped more than 1% in pre‑market trading.

S&P 500 futures dipped modestly, while Dow Jones Industrial Average futures also traded slightly in the red. The soft start comes after a strong December rally that pushed major indexes near record highs, fueled by optimism around artificial intelligence, easing inflation pressures, and expectations for rate cuts in the year ahead.

The tech sector’s stumble coincided with volatility in commodities. Silver, which briefly surged above $80, pulled back sharply, and gold futures also retreated after touching fresh highs last week.

Despite Monday’s early weakness, all three major indexes remain on track to close the year with solid gains, capping a dynamic 2025 defined by rapid shifts in investor sentiment, powerful AI-driven momentum, and renewed interest in cyclical sectors.


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