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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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Machado Makes Unprecedented Gesture in Bid to Strengthen Ties with Trump

 

President Trump meets with Venezuelan opposition leader Maria Corina Machado in the Oval Office, on Jan. 15, during which she presented the president with her Nobel Peace Prize.

In a striking move that has drawn widespread attention, public figure Machado continued her outreach campaign toward President Donald Trump by presenting him with her Nobel Peace Prize medal during a private meeting this week.

According to reports, Machado framed the gesture as a symbolic offering meant to underscore her commitment to diplomatic cooperation and shared global priorities. Observers note that such a presentation is highly unusual, as Nobel medals are rarely transferred or gifted, even symbolically.

Machado’s team described the moment as an effort to “highlight the value of dialogue and mutual respect,” while analysts have pointed out that the gesture appears aimed at strengthening her political alignment with Trump and signaling a willingness to collaborate on future initiatives.

Reactions across political circles have been mixed, with some calling the move bold and others questioning its implications. Regardless, the exchange has undeniably placed Machado at the center of renewed public debate, ensuring that her campaign to build rapport with Trump remains in the spotlight.


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