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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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Sunoco Acquires Parkland in $9 Billion Deal, Reshaping Fuel Distribution in the Americas

In a major move within the fuel supply industry, Sunoco LP has announced its acquisition of Canada-based Parkland Corp. in a deal valued at approximately $9.1 billion, including debt. This transaction positions the combined entity as the largest independent fuel distributor in the Americas.

The acquisition follows Parkland’s strategic review, initiated in March, after pressure from its largest shareholder, Simpson Oil, which holds nearly 20% of Parkland’s shares. As part of the agreement, Parkland shareholders will receive C$19.80 in cash and 0.295 Sunoco units per share. The deal is expected to close in the second half of the year and is projected to generate over $250 million in synergies by the third year.

Sunoco has committed to maintaining Parkland’s Burnaby Refinery, which produces low-carbon fuels, ensuring long-term fuel supply to Canada’s Lower Mainland region. Additionally, Sunoco will establish SUNCorp LLC, a new publicly traded entity that will hold limited partnership units equivalent to Sunoco’s common units.

This acquisition marks a significant consolidation in the fuel supply sector, reinforcing Sunoco’s presence across North America while securing Parkland’s future in the evolving energy landscape.



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