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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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New Union Demands Cast Doubt on LCBO Strike Resolution

 

The tentative agreement reached between the Liquor Control Board of Ontario (LCBO) and the Ontario Public Service Employees Union (OPSEU) to end the ongoing strike is now in jeopardy. Despite initial optimism, the union has raised concerns over the LCBO’s refusal to sign a return-to-work protocol, a crucial step for the workers to resume their duties.

The strike, which began on July 5, has seen over 9,000 LCBO employees walk off the job, leading to widespread store closures across Ontario. The tentative deal, announced on July 19, included wage increases and other benefits. However, by the afternoon, the union accused the LCBO of bad faith bargaining, claiming the employer introduced new demands post-agreement.

The LCBO, on the other hand, has stated that the union’s additional demands were unexpected and should have been addressed during the initial negotiations. The board plans to file an unfair labour practice complaint against OPSEU.

As both parties return to the bargaining table, the future of the agreement remains uncertain, leaving Ontarians to face continued disruptions in liquor store services.


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