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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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Starship's Fiery Setback: SpaceX Faces Another Explosion

SpaceX's ambitious Starship program encountered another hurdle as its massive spacecraft exploded during its eighth test flight. The incident occurred shortly after liftoff from the Boca Chica launch site in Texas. The upper stage of the rocket spun uncontrollably before breaking apart, scattering fiery debris over the Caribbean.

This marks the second consecutive failure for the Starship program this year, following a similar mishap during its seventh test flight. Despite these setbacks, SpaceX remains committed to refining the rocket, which is central to Elon Musk's vision of future crewed missions to the Moon and Mars.

The Federal Aviation Administration (FAA) has launched an investigation into the incident, temporarily halting air traffic in parts of Florida due to concerns over space debris. SpaceX has described the explosion as a "learning opportunity" and plans to implement safety improvements for future launches.

While the Super Heavy booster successfully returned to the launch pad, the failure of the upper stage highlights the challenges of developing cutting-edge space exploration technology. SpaceX continues to push the boundaries, undeterred by these fiery setbacks.

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