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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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Notre Dame Cathedral Reborn: First Mass Since 2019 Fire Marks Historic Moment

 

Notre Dame Cathedral, the iconic symbol of Paris, hosted its first Mass since the devastating fire of 2019 on Sunday, December 8, 2024. The event, attended by clergy, dignitaries, and guests, marked a significant milestone in the cathedral's journey from ruin to resurrection.

Archbishop Laurent Ulrich presided over the morning Mass, which included the consecration of a new bronze altar. The liturgy was a powerful symbol of Paris' resilience and the global effort to restore one of humanity's most treasured landmarks. The cathedral's restoration, fueled by nearly $1 billion in global donations, has been a testament to extraordinary craftsmanship and unyielding determination.

The evening Mass, open to the public, saw thousands gather along the Seine to witness this historic moment from afar. The cathedral's reopening is not just a religious milestone but a moment of cultural and national unity.

President Emmanuel Macron, who vowed to restore the cathedral within five years, attended the ceremonies and called the project "a jolt of hope" for France. The restoration, despite challenges such as lead contamination and the COVID-19 pandemic, has been a remarkable achievement.

As the cathedral's great organ resounded with majestic melodies and its restored stained-glass windows projected dazzling patterns of color, Rev. Olivier Ribadeau Dumas, Notre Dame's rector, remarked, "No one alive has seen the cathedral like this. It is more than restored—it is reborn."

The path to restoration has been long and arduous, but the reopening of Notre Dame stands as a testament to the enduring spirit of Paris and the global community that came together to rebuild this historic masterpiece.



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