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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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Landslide Traps Miners in Turkish Gold Mine

 

A devastating landslide struck the Copler gold mine in eastern Turkey, leaving several workers trapped underground. The incident occurred at approximately 2:30 p.m. local time near the town of Ilic in the mountainous Erzincan province.

Governor Hamza Aydogdu confirmed the grim situation, stating, “There are people buried underground, though the exact number remains unclear. Our search and rescue efforts have commenced.” The mine, operated by Anagold Mining since 2009, has emphasized the health and safety of its employees and contractors as their top priority during this crisis.

As rescue teams race against time to locate and free the trapped miners, the entire nation holds its breath, hoping for a swift and successful operation. Our thoughts are with the affected families and the brave rescuers working tirelessly to bring the miners back to safety.


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