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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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Tragic Crash: Azerbaijan Airlines Flight Crashes in Kazakhstan, Dozens Feared Dead


A devastating incident occurred early Wednesday morning when an Azerbaijan Airlines passenger plane, en route from Baku to Grozny, crashed near the city of Aktau in Kazakhstan. The Embraer 190 aircraft, carrying 67 people, including 62 passengers and 5 crew members, collided with birds and attempted an emergency landing.

The crash resulted in a massive fireball, with initial reports indicating that at least 42 people have lost their lives. Emergency services have managed to extinguish the fire and rescue 25 survivors, 22 of whom have been hospitalized. The passengers included nationals from Azerbaijan, Russia, Kazakhstan, and Kyrgyzstan.

Authorities from both Azerbaijan and Kazakhstan have launched investigations to determine the exact cause of the accident. The incident has drawn condolences from leaders across the region, including Chechnyan leader Ramzan Kadyrov and Russian President Vladimir Putin.

As the investigation continues, the focus remains on providing support to the survivors and the families of the deceased. The aviation community is also closely monitoring the situation to prevent such tragedies in the future.




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