Money
The Fed held rates — hours after the Bank of Canada hiked. Here's what the split means for Canadians.
The U.S. Federal Reserve kept its benchmark rate at 3.75% to 4% on Wednesday in a 10–2 vote, pausing after September's hike even as inflation stays elevated. For Canadians, the divergence with Ottawa's morning hike is the story: no relief for borrowers from south of the border, and a firmer case for the loonie.