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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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Starmer Leads Renewed Push for Ukraine Peace at London Summit

 

British Prime Minister Keir Starmer has taken a bold step in the pursuit of peace in Ukraine, hosting a high-stakes summit in London. The gathering brought together leaders from across Europe, NATO, and Ukraine, including Ukrainian President Volodymyr Zelensky. The summit's primary focus was to strengthen Europe's role in supporting Ukraine amidst its ongoing conflict with Russia.

Starmer emphasized the importance of European unity and proposed a "coalition of the willing" to expedite peace efforts. This initiative comes in the wake of a tense exchange between Zelensky and U.S. President Donald Trump, which underscored the urgency of finding alternative sources of support for Ukraine. Starmer's plan includes bolstering military aid, providing economic assistance, and ensuring long-term security guarantees for Ukraine.

The summit also highlighted the need for Europe to step up its defense capabilities, with Starmer advocating for a collaborative approach to peacekeeping. As the conflict enters its third year, the London summit marks a critical moment in the global effort to secure a lasting resolution for Ukraine.

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