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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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Nationwide Outcry Erupts After ICE Shootings Spark Mass Protests in Minneapolis

                                 San Diegans protest ICE after shootings in Minneapolis and Portland



Tens of thousands of demonstrators filled the streets of Minneapolis this weekend, joining a rapidly expanding national protest movement against U.S. Immigration and Customs Enforcement (ICE). The unrest follows the fatal shooting of Renee Nicole Good, a 37‑year‑old woman killed by an ICE officer during an encounter on Wednesday. The incident has reignited deep tensions in a city still shaped by the trauma of previous police violence.

Protesters marched through downtown Minneapolis carrying signs, chanting for accountability, and demanding an independent investigation into Good’s death. While most gatherings remained peaceful, police declared an unlawful assembly late Friday after clashes outside a local hotel led to nearly 30 arrests.

The anger intensified after a second ICE‑related shooting in Portland, Oregon, where two people were wounded on Thursday. The back‑to‑back incidents triggered coordinated demonstrations in cities including Philadelphia, Miami, Boston, and San Diego, with organizers calling for sweeping changes to federal immigration enforcement practices.

Local leaders in Minnesota urged calm, warning that violence could undermine the movement’s message. Still, many residents expressed fear and frustration, saying the shootings reflect a broader pattern of aggressive federal tactics. Many who joined the march said the presence of federal agents has left communities feeling unsafe.

As protests continue to grow, calls for transparency and accountability are mounting — setting the stage for what could become one of the most significant national debates over immigration enforcement in years.

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