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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-...
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Canadian Job Market Shows Resilience: 41,000 New Jobs Added Despite Unemployment Rate Uptick


In a recent report by Statistics Canada, the Canadian job market demonstrated resilience in February. Despite the challenges posed by population growth, employers added 41,000 net new jobs during the month. These gains were primarily driven by an increase in full-time positions.

However, the unemployment rate also saw a slight uptick, rising to 5.8 per cent. This development highlights the delicate balance between job creation and population expansion. As the country continues to grow, policymakers and economists closely monitor these trends.

The services sector played a significant role in employment gains, reflecting a diverse range of industries. The Bank of Canada remains vigilant, observing labor market dynamics and wage growth as it assesses the need for any adjustments to its benchmark interest rate.

While the Canadian economy faces headwinds, the job market’s ability to generate new employment opportunities is a positive sign. As we navigate the complexities of a changing workforce, staying informed about these trends is crucial for individuals and policymakers alike.


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