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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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Turkish President Recep Tayyip Erdogan Meets Hamas Political Leader Ismail Haniyeh in Istanbul


On Saturday, Turkish President Recep Tayyip Erdogan held a significant meeting with Ismail Haniyeh, the head of the political bureau of the Palestinian Resistance Movement Hamas. The closed-door meeting took place at the presidential office within Dolmabahçe Palace in Istanbul. During the encounter, footage released by the Turkish presidency showed Haniyeh and other Hamas leaders posing for photos with Erdogan. Additionally, the Hamas delegation engaged in discussions with the Turkish delegation.

This meeting marks the first time since October 7 that Ismail Haniyeh has met with the Turkish president, and it comes amid ongoing tensions in the region, particularly related to the Gaza war. The discussions likely centered around regional peace efforts and the situation in the Middle East.

The meeting between Erdogan and Haniyeh holds significance given the historical context and the complex geopolitical dynamics in the region. As developments unfold, the world will closely watch for any further outcomes or statements resulting from this high-level engagement.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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