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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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Iran Barred from World Cup Participation, Minister Confirms

                                     Iran has qualified for the FIFA World Cup a total of six times       

Iran’s sports minister has announced that the country will not be taking part in the upcoming World Cup, a decision that immediately sparked debate both domestically and abroad. While the minister did not provide a detailed explanation, the announcement follows weeks of speculation about Iran’s standing with international sports bodies.

The move marks a significant setback for Iranian athletes and fans, many of whom had hoped for a strong showing on the global stage. Analysts suggest that political tensions, administrative disputes, or compliance issues with international regulations may have played a role, though no official reason has been confirmed.

The Iranian Football Federation has yet to issue a formal response, leaving many questions unanswered. For now, supporters are left grappling with disappointment as the nation faces an unexpected absence from one of the world’s most celebrated sporting events.

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