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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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Daring Rescue: Israel Frees Hostages in Hamas-Led Operation

 


In a daring operation, Israel successfully rescued four hostages who were kidnapped during a Hamas-led attack on October 7. The hostages—Noa Argamani (25), Almog Meir Jan (21), Andrey Kozlov (27), and Shlomi Ziv (40)—were freed in a complex special daytime mission in Nuseirat. The rescue took place in two separate locations within the heart of Nuseirat.

Hamas had initially abducted around 250 hostages during their attack on southern Israel. Approximately half of them were released during a weeklong cease-fire in November. However, more than 130 hostages remain, with about a quarter of them believed to be deceased. The situation has intensified divisions within Israel on the best approach to bring the remaining hostages home.

Saturday’s operation marks the largest recovery of live hostages since the war began, bringing the total number of rescued captives to seven.

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