Skip to main content

Featured

The Fed Decides Wednesday — Here's What It Means for Your Mortgage, the Loonie, and Your RRSP

  Monday, July 27, 2026 The U.S. Federal Reserve hands down its rate decision at 2 p.m. ET on July 29. For most Canadians it will feel like background noise. It isn't — here's the plain-language version of why it touches your mortgage, your cross-border spending, and whatever's sitting in your RRSP. The short version: Markets are pricing roughly a two-in-three chance the Fed holds its rate at 3.50%–3.75% on Wednesday. That's not the story. The story is that this is one of the least certain "sure thing" holds in years — and Chair Kevin Warsh's press conference at 2:30 p.m. ET could matter more than the decision itself. Why this meeting is different The Fed has held its benchmark rate steady at 3.50%–3.75% through every meeting so far in 2026. On paper, Wednesday should be more of the same. Under the hood, it's messier. Persistent inflation, running well above the Fed's 2% target for a fifth straight year, has kept a rate hike on the table. The oil-...
Post a Comment
Read more

article

Labels

Hospitals in China Overwhelmed with Post-Covid Surge in Respiratory Illnesses Among Children

 


According to recent news reports, hospitals in Beijing and northern China are struggling to cope with a surge of children with respiratory illnesses as the country enters its first winter since relaxing stringent Covid-19 controls nearly one year ago.

The situation has become so dire that wait times to see doctors stretch for hours, with hundreds of patients queuing at some children’s hospitals in major cities across northern China . An official at the Beijing Children’s Hospital told state media that the current average of more than 7,000 daily patients “far exceeds the hospital’s capacity”.

he World Health Organization (WHO) has asked China to provide more information on an increase in respiratory illnesses and “reported clusters of undiagnosed pneumonia in children”. Health officials in Beijing and other major cities in northern China have said typical seasonal illnesses, including influenza and respiratory syncytial virus (RSV), as well as mycoplasma pneumonia – a bacterial infection that typically causes mild infection and commonly affects children – were driving causes .


Labels:

Comments

Post a Comment