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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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Gaza Residents Return Home as Ceasefire Holds: A New Dawn in Northern Gaza

 

In a significant development, tens of thousands of Palestinians began streaming back to northern Gaza on Monday, January 27, 2025, following a breakthrough in hostage negotiations between Hamas and Israel. The ceasefire agreement, mediated by Qatari officials, has paved the way for the return of displaced residents to their homes.

The breakthrough came after Hamas agreed to release three Israeli hostages, including civilian Arbel Yehud, and Israeli forces began withdrawing from key corridors in Gaza. The first crossing point in central Gaza opened at 7:00 a.m. (0500 GMT), allowing residents to start their journey north. Another crossing opened three hours later, permitting vehicles to pass.

Residents, some carrying infants and bundles of belongings, walked along the coastal road by the Mediterranean Sea shore. "It's like I was born again and we were victorious again," said Umm Mohammed Ali, a Palestinian mother, as she joined the miles-long throng.

The return of displaced Gazans marks a moment of hope amid the prolonged conflict. "My heart is beating, I thought I would never come back," said Osama, a 50-year-old public servant and father of five, as he arrived in Gaza City. "Whether the ceasefire succeeds or not, we will never leave Gaza City and the north again," he added.

The ceasefire agreement also includes staggered releases of hostages over six weeks, with around 1,900 Palestinian prisoners expected to be freed in exchange. The humanitarian situation in Gaza remains dire, but the recent developments have brought a surge of aid into the war-torn region.

As families reunite and rebuild their lives, the hope for lasting peace and stability in Gaza grows stronger.


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