News of the day: The antagonist next door, variable-rate’s moment, how high will interest rates go, workplace investigations, dual-citizen taxes and more

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US Commerce Secretary Howard Lutnick speaks to the press following the G20 Innovation Ministerial at the Carolina Inn in Chapel Hill, North Catrolina, on September 2, 2026.US Commerce Secretary Howard Lutnick speaks to the press following the G20 Innovation Ministerial at the Carolina Inn in Chapel Hill, North Catrolina, on September 2, 2026. Photo by Matt RAMEY/AFP via Getty Images

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It’s Friday, Sept. 18. Here are the top stories we’re following today.

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The U.S. commerce secretary has called Canadians cheaters and said Canada’s trade strategy is the ‘worst.’ But we aren’t the first to clash with the brash billionaire with a complex life story.

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With fixed and variable mortgage pricing moving in opposite directions, the gap between them is stretching like taffy. With fixed and variable mortgage pricing moving in opposite directions, the gap between them is stretching like taffy. Photo by Shaughn Butts/Postmedia

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Variable rates are having a moment. Discounts have improved noticeably in recent weeks. And wouldn’t you know it, that always seems to happen right as markets start pricing in near-term Bank of Canada hikes, writes Robert McLister.

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Renovations continue on the Marriner S. Eccles Federal Reserve Board Building on September 19, 2022 in Washington, DC. We all need to keep watching the headlines — especially with oil, AI’s growth impact and the market’s reaction to the budding U.S. fiscal crisis. Photo by Kevin Dietsch/Getty Images

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The world’s most important central bank kicked off its rate-hiking cycle yesterday, and now everyone wants to know one thing: how high will Canadian rates go?

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There is nothing wrong with a proper workplace investigation. There is nothing wrong with a proper workplace investigation. Photo by Getty Images/iStock Photo

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A workplace investigation is supposed to assist an employer in making a decision. It is becoming instead a substitute for making one.

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The core benefits of an RESP are tax-deferred growth and government grants, both of which are treated differently under U.S. tax rules. The core benefits of a registered education savings plan are tax-deferred growth and government grants, both of which are treated differently under U.S. tax rules. Photo by Getty Images

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As a U.S. citizen resident in Canada, your investment income generated within an registered education savings plan (RESP) is tax-deferred in Canada. However, U.S. persons who are subscribers to RESPs must generally report the income on their U.S. tax returns.

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