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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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Your daily horoscope: November 14, 2024

 


HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Tensions between your ambitions on the work front and your need to have an enjoyable social life will come to the surface over the next 12 months. By planning your daily and weekly schedules carefully you can get the best of both worlds.

ARIES (March 21 - April 20):

You could get involved in a battle of wills today with someone whose stubbornness is a match for your own. It’s the kind of battle that neither side can win, so be ready to compromise and accept an honourable draw when the opportunity arises.

TAURUS (April 21 - May 21):

Take your time and think things through today. The planets warn if you rush into making a decision now you may have to unmake it tomorrow when the moon is full in your sign. The clock isn’t ticking, so why put yourself under pressure?

GEMINI (May 22 - June 21):

The approaching full moon could make it feel as if something is missing from your life. Maybe it is but this is not the right time to make wholesale changes, especially on the work front where you could be somewhat impulsive today.

CANCER (June 22 - July 23):

If someone tries to stop you from doing what you want to be doing today you will of course do it just to spite them. Later on though you will have to admit that if you had followed their advice you might be in a more profitable position.

LEO (July 24 - Aug. 23):

Keep in mind today that in the greater scheme of things your problems are pretty low grade. The upcoming full moon makes it seem as if what’s happening signals the end of the world, or at least the end of the line, but that’s an illusion.

VIRGO (Aug. 24 - Sept. 23):

You can sense that your rivals are watching you closely and hoping that you will make an error they can pounce on. They are going to be disappointed though as you are in one of those moods when you expect of yourself nothing less than perfection.

LIBRA (Sept. 24 - Oct. 23):

Try not to be suspicious when dealing with people whose aims and ambitions don’t seem to make sense. Just because you don’t understand their motives does not mean they are up to no good. Chances are they don’t understand your motives either!

SCORPIO (Oct. 24 - Nov. 22):

You may not be looking for trouble but most likely it will find you today, no matter how hard you try to keep a low profile. If you do have to battle it out with a rival make sure you give 100 per cent. You cannot afford to lose.

SAGITTARIUS (Nov. 23 - Dec. 21):

One or two doubts have crept into your mind in recent weeks and tomorrow’s full moon is sure to magnify them. What you must understand is that not a single one of those doubts has any basis in reality. You’re worrying for no reason.

CAPRICORN (Dec. 22 - Jan. 20):

Because you know there is no such thing as a free lunch you will be wary of anyone who offers you something for nothing today. Under the influence of the current full moon you can and you must question everything. If in doubt, don’t do it!

AQUARIUS (Jan. 21 - Feb. 19):

If you said something harsh to a friend or loved one a while back your words could return to haunt you over the next 24 hours. You may have forgotten about it but they most certainly have not, so an apology may be necessary.

PISCES (Feb. 20 - Mar. 20):

Because you like to think the best of people you can sometimes leave yourself open to being taken advantage of and that could be a problem between now and the weekend. Question everything you are told both at home and at work.

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