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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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Stocks Rise as Oil Slips Below $100 After Trump Extends Iran Ceasefire

North American markets opened higher this morning after President Trump extended the U.S.–Iran ceasefire, easing immediate geopolitical tensions and giving investors a reason to rotate back into risk assets.

Oil prices slipped below the key $100 threshold for the first time in several sessions, reflecting reduced fears of supply disruptions through the Strait of Hormuz. Brent and WTI both moved lower in early trading as traders unwound some of the geopolitical risk premium that had built up over the past week.

Equities responded positively, with major U.S. and Canadian indexes posting early gains. Tech, financials, and consumer stocks led the advance, while energy names lagged due to the pullback in crude.

For Canadian investors, the dynamic is mixed: lower oil prices weigh on the TSX’s resource-heavy sectors, but a calmer geopolitical backdrop supports broader market sentiment and reduces inflationary pressure tied to energy costs.


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