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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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Temporary GST Breaks: What's Covered and What's Not


Starting December 14, 2024, and lasting until February 15, 2025, the Canadian government has introduced temporary GST/HST breaks on a variety of essential items. This tax relief aims to provide financial relief to Canadians during the holiday season.


What's Included:

  •  Food and Beverages: All groceries, restaurant meals, and drinks will be exempt from GST/HST.
  • Children's Items: Clothing, footwear, diapers, car seats, toys, and jigsaw puzzles for all ages will also benefit from the tax break.
  • Books and Newspapers:  Printed books and newspapers are included in the relief.
  • Holiday Decorations: Christmas trees and similar decorative items are also covered.
  • Video Game Consoles and Games: Physical video game consoles, controllers, and games qualify for the tax break.


What's Not Included:

  • Luxury Items: High-end electronics, jewelry, and luxury clothing are not covered by the GST/HST break.
  • Alcoholic Beverages: While regular beverages are included, alcoholic drinks are excluded from the tax relief.
  • Non-Essential Toys and Games: Items not specifically listed under children's toys or educational games do not qualify.
  • Sports Equipment: Items used exclusively for sports or recreational activities are not included.


This temporary tax break is designed to make essential goods more affordable and provide some financial relief during the holiday season. Make sure to take advantage of these savings while they last!





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