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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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FBI Investigates Assassination Attempt at Trump Rally

                                         

The FBI is actively investigating the shooting at a Saturday night rally for former President Donald Trump as an assassination attempt. The suspect involved has been identified as 20-year-old Thomas Matthew Crooks from Bethel Park, Pennsylvania. 

The attack occurred during the rally in Butler, Pennsylvania, leaving one attendee dead and critically injuring two others. Trump himself reported being “shot with a bullet that pierced the upper part of my right ear,” and photos and videos showed Secret Service agents swiftly whisking him away, his face bloodied and fist raised. The suspected shooter, who was killed, used an AR-15-style semiautomatic rifle for the attack. 

After being evaluated at a medical facility in Pennsylvania, Trump flew to New Jersey, where he was seen exiting a plane at Newark Liberty International Airport around midnight. 

President Biden condemned the violence, stating, "It cannot be like this. We cannot condone this". The investigation remains ongoing, and authorities have not yet disclosed a motive for the attack.

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