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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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Ontario Premier Threatens LCBO Ban on Crown Royal After Plant Closure

 

Ontario Premier Doug Ford empties a Crown Royal bottle of whisky at a press conference in Kitchener, Ont., on Tuesday, Sept. 2, 2025. Ford criticized the popular whisky's parent company, Diageo, for their plan to close one of their Ontario bottling plants in the coming months.


Ontario Premier Doug Ford is intensifying his criticism of Crown Royal’s parent company, Diageo, after its decision to close its Amherstburg bottling plant, a move that will eliminate roughly 200 jobs. In response, Ford says he intends to pull Crown Royal products from LCBO shelves once the shutdown takes effect.

Ford has been vocal about the closure for months, even staging a public protest where he poured out a bottle of Crown Royal to signal his frustration. With the shutdown now approaching, he says the province will “follow through” on delisting the brand as a show of support for affected workers.

Diageo plans to shift production to facilities in Quebec and the United States, a decision Ford has framed as abandoning Ontario workers. He insists that new companies are already expressing interest in the Amherstburg site and that the LCBO will have “no shortage of alternatives” to fill the shelf space.

Critics warn that delisting a major brand for political reasons could set a precedent that complicates future business relationships. Ford, however, maintains that the move is about standing up for Ontario families and sending a message to companies that move jobs out of the province.

For now, the Premier’s warning has sparked uncertainty among consumers — and a rush of speculation about whether Crown Royal will soon disappear from LCBO stores.


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