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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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Britain Accused as Kremlin Blames UK for Deadly Strike in Bryansk

 

A fire burns in the aftermath of a Ukrainian strike on a Russian missile plant, in Bryansk, Russia in this screen grab from social media video

Britain is facing renewed scr.utiny after the Kremlin accused it of helping Ukraine carry out a deadly missile strike on the Russian city of Bryansk, escalating tensions in an already volatile conflict. 

The Kremlin has alleged that British specialists played a direct role in a Ukrainian missile strike on the Russian city of Bryansk, an attack that reportedly killed at least six civilians and injured dozens more. According to Russian officials, the strike was carried out using British-made Storm Shadow missiles, prompting Moscow to warn that it would “take Britain’s role into account” in future decisions. 

Local authorities in Bryansk described the incident as a “terrorist missile attack,” though they did not specify the exact target. Ukraine, however, stated that the strike hit a key facility involved in producing missile components—an assertion that contrasts sharply with Moscow’s claim that civilians were deliberately targeted. 

The accusation marks a significant escalation in rhetoric, as Russia continues to frame Western military support for Ukraine as direct involvement in the conflict. Britain has supplied Kyiv with Storm Shadow missiles since 2023, but Moscow’s latest claims suggest a shift toward portraying Western advisers as active participants rather than mere suppliers. 

As tensions rise, the incident underscores the increasingly complex and international dimensions of the war, with both sides trading accusations over responsibility and intent.

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