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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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Bridge Strike Sparks Fears of Wider Conflict in Lebanon

 

A burst of burning debris erupts following reported Israeli strikes in the southern suburbs of Beirut


Israel’s latest strike in southern Lebanon has escalated regional tensions, with the destruction of the Zrarieh Bridge and warnings of Gaza‑level devastation marking a sharp intensification of the conflict. Israeli forces have also dropped leaflets over Beirut, signaling the possibility of broader infrastructure attacks as fighting with Hezbollah deepens.

Escalation in Southern Lebanon

  • Israeli warplanes struck and destroyed the Zrarieh Bridge over the Litani River, a key route in southern Lebanon.
  • Israel claims the bridge was being used by Hezbollah fighters to move between northern and southern regions, though no evidence was publicly provided. 

Warnings of Gaza‑Scale Destruction

  • Leaflets dropped over Beirut warned that Lebanon could face devastation comparable to Gaza if Hezbollah continues its operations.
  • Israeli officials signaled that more attacks on Lebanese infrastructure may follow. 

Humanitarian Pressure Mounts

  • Heavy airstrikes on Beirut’s suburbs have pushed hundreds of thousands of displaced people into the capital, overwhelming local authorities.
  • Lebanese officials report they are unable to accommodate the growing number of refugees fleeing intensified bombardment. 

Regional Context

  • The escalation follows Israel’s broader offensive against Hezbollah, which intensified after the group opened fire earlier in March.
  • The conflict is unfolding amid heightened regional instability linked to the U.S.–Israeli war on Iran. 


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