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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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Escalating Protests in Bangladesh Result in Over 20 Deaths and Hundreds Injured

 

The unrest started in July when students called for an end to a quota system that reserved 30% of government jobs for relatives of veterans. The situation escalated into widespread violence, prompting authorities to close schools and universities, block internet access, and impose a shoot-on-sight curfew. Despite these measures, the protests have continued, with demonstrators urging non-cooperation by not paying taxes or utility bills and not showing up for work.

In Dhaka, the capital city, protesters attacked Bangabandhu Sheikh Mujib Medical University, torching several vehicles. Police responded with tear gas to disperse crowds blocking major highways. The violence has spread to multiple districts, with reports of crude bombs being detonated and gunshots heard.

The ongoing clashes have resulted in significant casualties and widespread disruption, highlighting the deepening political crisis in Bangladesh.


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