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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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Media Revelation Spurs Probe: Premier Smith Addresses Health Contract Allegations

 

Alberta Premier Danielle Smith stated during a recent press briefing that she first learned of the allegations concerning irregularities in health service contracts through media reports  The claims allege that political interference influenced the approval process for private healthcare contracts at Alberta Health Services (AHS), as detailed in a letter from the former AHS CEO .

During the briefing, Premier Smith maintained her confidence in the health minister and denied any involvement in the alleged wrongdoing. She announced that her office has promptly coordinated with the province’s auditor general to secure all relevant documents and ensure a swift, transparent investigation.

Opposition leaders have demanded a comprehensive judicial inquiry into the contracting practices, calling for greater transparency and accountability. As the probe unfolds, Premier Smith remains committed to resolving any issues that may arise and to improving Alberta’s health services.



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