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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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Zelensky Stands Firm Against U.S. Pressure on Territorial Concessions

 


Ukraine's President Volodymyr Zelenskyy and Pope Leo XIV wave to journalists during their meeting in Castel Gandolfo, Italy, Tuesday, Dec. 9, 2025.


Ukrainian President Volodymyr Zelensky has once again made clear that Ukraine will not cede any territory to Russia, despite mounting pressure from the United States to consider compromises in ongoing peace negotiations. Speaking to reporters, Zelensky emphasized that Ukraine has “no right to give anything away” under its constitution, international law, or moral principles.

Zelensky’s remarks come at a critical moment as Washington pushes for a peace plan that could involve painful concessions, including territorial losses. The Ukrainian leader, however, has been rallying European allies to support Kyiv’s position. In recent days, he met with Pope Leo XIV at Castel Gandolfo near Rome and held talks with Italian Prime Minister Giorgia Meloni, underscoring his diplomatic efforts to strengthen Ukraine’s backing across Europe.

The refusal to cede land highlights Zelensky’s determination to resist both Moscow’s demands and U.S. pressure. He framed the issue not only as a matter of law but also of national dignity, declaring that Ukraine is fighting precisely to preserve its sovereignty and territorial integrity. His stance has resonated with European leaders, including those in London, where he met with French President Emmanuel Macron, German Chancellor Friedrich Merz, and British Prime Minister Keir Starmer.

While the U.S. administration under President Donald Trump has sought to broker a peace deal, Zelensky’s firm rejection of territorial concessions signals that Kyiv is unwilling to compromise on its core principles. This position may complicate negotiations but reinforces Ukraine’s commitment to defending its independence against Russian aggression.

In summary, Zelensky’s refusal to yield territory underscores Ukraine’s unwavering stance: sovereignty is non-negotiable, even under intense international pressure.

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