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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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A Solemn Reflection of Humility: The “Washing of the Feet” Ceremony in Jerusalem

 


In the heart of Jerusalem, a profound tradition unfolds as Orthodox Christians congregate to observe the “Washing of the Feet” ceremony. This sacred event, held outside the Church of Holy Sepulchre, is a testament to the enduring rituals that have been passed down through generations.

The ceremony, which took place on Thursday, saw the faithful gather in reverence and piety. The ritual is deeply symbolic, echoing the humility and service exemplified by Jesus Christ during the Last Supper, as he washed the feet of his disciples. It’s a poignant reminder of the virtues of servitude and humility that lie at the core of Christian teachings.

The Church of Holy Sepulchre, a site venerated by Christians worldwide, provides a fitting backdrop for this solemn observance. The ancient stones of the church have witnessed countless acts of devotion, and the “Washing of the Feet” is a continuation of this rich spiritual legacy.

As the world watches, the Orthodox Christian community in Jerusalem carries forward a message of humility and service, resonating with the teachings that have shaped their faith. This ceremony is not just a ritual; it is a living expression of a faith that values the act of giving over receiving, and the strength found in kneeling to serve others.

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