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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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Former UK Minister Lord Mandelson Arrested Amid Epstein File Revelations

 

Peter Mandelson has been arrested at his home in Camden Town on suspicion of misconduct in public office.



British political figure Lord Peter Mandelson has been arrested in London on suspicion of misconduct in public office following newly released documents linked to the Jeffrey Epstein investigation. According to multiple reports, the former Labour minister and ex‑U.S. ambassador is alleged to have passed sensitive or market‑moving government information to Epstein during his time in office. 

Metropolitan Police officers detained the 72‑year‑old at his London home, where he was taken in for questioning. The allegations stem from emails dating back to 2009 that appear to show Mandelson sharing confidential assessments with Epstein, a convicted sex offender who died in 2019. 

The arrest follows the recent release of U.S. Department of Justice files related to Epstein, which have triggered renewed scrutiny of several high‑profile figures. Authorities are investigating whether Mandelson leaked market‑sensitive information during the global financial crisis, a claim he has previously denied. 

As the probe continues, Mandelson has not issued a public statement, though sources close to him maintain he did not act criminally or for personal financial gain. 

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