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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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Canada’s Solar Eclipse: A Celestial Spectacle

On April 8, 2024, a remarkable and rare celestial event will unfold over Canada, the United States, and Mexico—a total solar eclipse. As the Moon aligns perfectly between Earth and the Sun, temporary darkness will sweep across parts of our country, captivating countless spectators.

In Canada, the solar eclipse’s path of totality will pass through several cities and towns in Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland. During those precious minutes, lucky observers within this path will experience complete darkness as the Moon completely obscures the Sun. For those outside the path of totality, a partial solar eclipse will still be visible, with the Sun partially hidden.

Remember that looking directly at the Sun during an eclipse can lead to serious eye damage. Always use appropriate eye protection when witnessing this awe-inspiring event. The last total solar eclipse visible in Quebec was over 50 years ago (in 1972), and the next one won’t occur until 2106. So mark your calendars and prepare to witness this once-in-a-generation phenomenon!


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