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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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New Virus Alert: Human Metapneumovirus (HMPV) Spreading from China to the UK

 A new respiratory virus, Human Metapneumovirus (HMPV), has emerged in China, drawing global attention due to its similarities to COVID-19. The virus, which causes symptoms such as cough, fever, and shortness of breath, has now spread to the United Kingdom, raising concerns among health officials.

HMPV is not a newly discovered virus; it was first identified in 2001. However, its recent surge in cases, particularly among children and the elderly, has led to overcrowded hospitals in China. The virus spreads through respiratory secretions and close contact, much like COVID-19.

In the UK, health authorities are closely monitoring the situation and urging the public to take preventive measures, such as frequent handwashing and avoiding close contact with infected individuals. While there is currently no vaccine for HMPV, researchers are working on developing one.

Experts emphasize that although HMPV can cause severe respiratory infections, it is not as deadly as COVID-19, and most people recover with proper care. The World Health Organization (WHO) has not declared a health emergency, but vigilance remains crucial.

As the world continues to grapple with the aftermath of the COVID-19 pandemic, the emergence of HMPV serves as a reminder of the importance of global health preparedness and cooperation.




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