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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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Venezuela Cooperation Prompts Trump to Halt Planned Second Strike

Military personnel hold an honour guard during the funeral of soldiers killed in the U.S. operation to capture Venezuela’s leader Nicolas Maduro, at a cemetery in Caracas.

U.S. President Donald Trump announced Friday that he has canceled a previously expected second wave of military attacks on Venezuela, citing what he described as “important” cooperation from the South American nation. The decision follows Venezuela’s release of large numbers of political prisoners and new commitments to work with the United States on rebuilding its oil and gas infrastructure.

In a post on his Truth Social platform, Trump said the prisoner releases were a sign that Venezuela was “seeking peace,” adding that the two countries were “working well together” on energy‑sector reconstruction. He emphasized that the improved relationship made further military action unnecessary, though U.S. naval vessels would remain positioned near Venezuela “for safety and security purposes”.

The announcement comes less than a week after U.S. strikes in Caracas resulted in the capture of Venezuelan President Nicolás Maduro, a development that has reshaped political dynamics in the region. Trump also highlighted expectations of at least $100 billion in investment from major U.S. oil companies as part of Venezuela’s planned energy overhaul.

While the cancellation of the second strike signals a shift toward diplomatic engagement, the situation remains fluid as both nations navigate the aftermath of the initial U.S. operation and the emerging political landscape in Caracas.


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