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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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Minneapolis Erupts After ICE Killing of Renee Nicole Good

U.S. Border Patrol agents detain a person near Roosevelt High School during dismissal time in Minneapolis, Minn., on Jan. 7


The shooting death of Renee Nicole Macklin Good, a 37‑year‑old Minneapolis resident, during an Immigration and Customs Enforcement operation has sparked a wave of protests across the city and intensified national debate over federal immigration enforcement.

ICE officials say the incident unfolded during an attempted arrest, claiming Good used her vehicle in a way that endangered an agent, who then opened fire. Community members and Good’s family strongly dispute that account, calling the shooting unjustified and preventable. Witnesses and bystanders quickly shared videos and statements online, fueling public outrage and drawing hundreds into the streets.

Protesters have gathered outside federal buildings, police precincts, and downtown intersections, demanding transparency, accountability, and an independent investigation. Local leaders have echoed those calls, arguing that the presence of federal immigration agents has escalated tensions rather than improved safety.

Good, remembered by loved ones as a devoted mother and a creative spirit, has become a symbol in a broader conversation about policing, immigration enforcement, and the treatment of marginalized communities. Vigils and solidarity rallies have spread to other cities as organizers call for nationwide pressure on federal agencies.

As investigations continue, Minneapolis remains on edge, with residents insisting that Good’s death must lead to meaningful change rather than another cycle of outrage and inaction.

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