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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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Grilled Moroccan Meatballs with Yogurt Sauce


Spice things up with these grilled Moroccan meatballs, seasoned with warm spices and cooled down with a creamy yogurt sauce—every bite is packed with flavor!

Ingredients:

  • 1 large egg
  • 3 garlic cloves, minced
  • 1 teaspoon ground cumin
  • 1 teaspoon ground allspice
  • ¼ cup finely chopped fresh cilantro (optional)
  • 1¼ teaspoons kosher salt
  • 1 pound ground beef
  • ½ cup panko bread crumbs
  • Oil for greasing the grill

For the Yogurt Sauce:

  • 1 cup Greek yogurt
  • ½ cucumber, peeled and finely diced
  • 1 tablespoon lemon juice
  • 1 tablespoon fresh dill, chopped
  • Salt and pepper to taste

Instructions:

  1. In a medium bowl, combine the egg, minced garlic, ground cumin, ground allspice, chopped cilantro (if using), salt, and pepper. Mix until well combined.
  2. Add the ground beef and panko bread crumbs to the spice mixture. Mix together with your hands until just combined.
  3. Use a 1/3 cup measure to portion out the meat and shape it into discs.
  4. Preheat your grill to medium-high heat and grease it well.
  5. Place the meatballs on the grill and cook for about four minutes per side, until charred and no longer pink in the center. As they cook, the centers will dome slightly, creating nicely shaped meatballs.
  6. Meanwhile, make the yogurt sauce by combining the Greek yogurt, finely diced cucumber, lemon juice, fresh dill, salt, and pepper in a small bowl. Mix to combine.
  7. Serve the grilled Moroccan meatballs over couscous, topped with the refreshing yogurt-cucumber sauce.

Enjoy this flavorful and easy-to-make dish! 

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