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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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Pope Francis Sustains Another Injury: Falls and Bruises Raise Concerns

 

Pope Francis has once again fallen, this time injuring his right arm. The 88-year-old pontiff was treated at his Vatican residence, the Santa Marta House, where he was found with a bruised forearm. While the injury is not severe and no fractures were reported, the arm has been immobilized as a precautionary measure.

This recent fall follows another incident on December 7, 2024, when Pope Francis hit his chin on a nightstand, resulting in a noticeable bruise. Despite these health challenges, the Pope has continued to maintain his busy schedule, attending various audiences and events.

Pope Francis has faced ongoing mobility issues, often relying on a wheelchair, cane, or walker to move around. His resilience and determination to carry out his duties despite his age and health concerns have been widely noted.

The Vatican has assured the public that the Pope is in stable condition and that there are no changes to his public schedule. However, these recent falls have raised concerns about his overall health and the physical demands of his role.

As the world watches, many are hoping for the Pope's swift recovery and continued strength in leading the Catholic Church.




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