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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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Senior Russian General Hospitalized After Moscow Shooting

 

                                       Alexeyev is deputy head of the GRU, Russia's military intelligence 


A high‑ranking Russian military figure, Lieutenant General Vladimir Alekseyev, was shot in Moscow and urgently taken to a hospital, according to early reports circulating within Russia. The attack occurred inside a residential building, where an unidentified assailant allegedly opened fire before escaping the scene.

Alekseyev, known for his long‑standing role within Russia’s military intelligence structure, reportedly survived the shooting, though officials have not released details about his condition. Investigators have opened an attempted‑murder case and are working to identify the shooter.

The incident has drawn significant attention due to Alekseyev’s senior position and the broader climate of security concerns surrounding prominent Russian military and political figures.

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