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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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Trump's Tariff Wars: A New Chapter in Global Trade

President Donald Trump has escalated his trade policy with the implementation of a new round of tariffs, marking a significant shift in the United States' approach to international commerce. Dubbed "reciprocal tariffs," these measures aim to address trade imbalances by imposing higher rates on goods from countries with trade surpluses with the U.S. The latest tariffs, which took effect on April 9, 2025, have sparked reactions worldwide, with trading partners like China announcing countermeasures, including an 84% tariff on American goods.

The economic impact of these tariffs is already being felt, with stock markets experiencing volatility and concerns rising about the potential for prolonged trade wars. While the administration argues that these tariffs will bolster domestic industries and reduce the trade deficit, critics warn of the risks to global economic stability and the strain on international relations.

The question remains: will these tariffs achieve their intended goals, or will they further complicate the global trade landscape?

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