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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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Pakistan's Crackdown on Afghan Refugees: A Controversial Move


In recent weeks, Pakistan has intensified its efforts to arrest Afghan citizens residing in the country without proper documentation. This move has sparked significant controversy, with the Afghan Embassy in Islamabad accusing Pakistan of attempting to expel all Afghan refugees from its territory.

The Afghan Embassy issued a strongly worded statement, condemning the short timeframe given by Pakistani authorities and the unilateral nature of their decision. The embassy claimed that Afghan nationals in Islamabad and Rawalpindi have been subjected to arrests, searches, and orders to leave the cities and relocate to other parts of Pakistan.

Pakistan's Foreign Ministry has dismissed these allegations, stating that the authorities are merely facilitating conditions for the swift return of Afghans to their home country. The ministry emphasized that Pakistan has long threatened to deport Afghans living in the country illegally.

Prime Minister Shehbaz Sharif recently approved a March 31 deadline to deport those awaiting relocation to third countries unless their cases are swiftly processed by the governments that have agreed to take them. This decision appears to reverse an earlier extension granted to Afghan refugees registered with the UNHCR, which allowed them to stay in Pakistan until June 2025.

Since 2023, more than 800,000 Afghans have either returned home voluntarily or been expelled by force from Pakistan, according to the International Organization for Migration. The Afghan Embassy has expressed serious concerns about the mass expulsion of Afghan refugees within such a short timeframe and the lack of formal communication from Pakistani authorities.

The situation remains tense, with Afghan refugees in Pakistan facing an uncertain future as the March 31 deadline approaches.



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