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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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Your daily horoscope: October 6, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Your No. 1 priority this year must be to put your financial situation on a firmer footing. You don’t have to make money your one and only passion but neither should you act as if it doesn’t matter. The rich really do seem to have more fun.

ARIES (March 21 - April 20):

Instead of trying to blame others for something that went wrong hold up your hand and admit that it was your choices that caused the problem. Partners and colleagues will be so shocked by your honesty that they will forgive you on the spot!

TAURUS (April 21 - May 21):

Opportunities to enjoy yourself will come thick and fast over the next few days as your ruler Venus links nicely with Mars. If you are looking for love you are certain to find it. Even if you are not looking, it will be looking for you!

GEMINI (May 22 - June 21):

Although luck planet Jupiter begins its retrograde phase in your sign this week most things will still go well for you. Keep reminding yourself that it is your own thoughts that create your reality. If you expect good things to happen they most certainly will.

CANCER (June 22 - July 23):

Someone you think of as a rival will surprise you over the next few days by offering to do you favors of one sort or another. Push your suspicions to one side and take them up on the offer. It could be the start of a growing friendship.

LEO (July 24 - Aug. 23):

It may be true that a colleague has been using underhand tactics to get ahead but you don’t have to make it your business to do something about it. The planets warn this is one of those occasions when it might be safer to pretend you had not noticed.

VIRGO (Aug. 24 - Sept. 23):

The loftier your ambitions may be the more you will need to safeguard your efforts from people who don’t want to see you succeed. Be especially wary of colleagues who praise you to the skies for minor successes. They are not being sincere.

LIBRA (Sept. 24 - Oct. 23):

It’s a waste of time trying to explain to someone why they should tone down their inflammatory words. The simple fact is they want to provoke a reaction so they can claim to be the one who is being abused. Don’t play their dishonest game.

SCORPIO (Oct. 24 - Nov. 22):

The message of the stars is that you need to start taking life a little less seriously. Yes, of course, there are major issues that must be dealt with but what is really so pressing that it must be seen to now, this very moment? Nothing at all.

SAGITTARIUS (Nov. 23 - Dec. 21):

Your recent run of good luck has depended in large part on other people doing things for you, but as Jupiter begins its retrograde phase this week you won’t be able to rely on them so much. But that’s okay. Create your own good fortune.

CAPRICORN (Dec. 22 - Jan. 20):

You may be tempted to multi-task so as to get through the backlog of work that has built up in recent weeks but don’t try to juggle too much or it could all come crashing down. It’s better to succeed at something than to risk failing at everything.

AQUARIUS (Jan. 21 - Feb. 19):

You have been amazingly cheerful of late but as Jupiter is about to begin its retrograde phase you will need to adopt a more serious tone when dealing with people who find it hard to share your sunny outlook on life. That’s just about everyone!

PISCES (Feb. 20 - Mar. 20):

Feelings will be running high on the home front over the next few days but with a little bit of thought and a lot of give and take it doesn’t have to be traumatic. You may be right and everyone else may be wrong but don’t push it.

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