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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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Lunar New Year Celebrations Around the Worl

                                 Lunar New Year

The Lunar New Year, also known as Chinese New Year, is a vibrant and joyous occasion celebrated by millions of people worldwide. This festive holiday marks the arrival of spring and the beginning of a new year according to the lunisolar calendar. Let’s explore how communities across the globe are ringing in the Year of the Dragon.

1. China: A Burst of Fireworks and Tradition

In the most populous country on Earth, the Lunar New Year is observed with great enthusiasm. Locals and tourists alike gather to set off firecrackers and fireworks. According to ancient legend, these loud explosions ward off evil spirits, particularly the mythical monster Nian. This creature was said to emerge from the sea to feast on villagers and livestock during the new year. To scare away Nian, people burn bamboo (similar to firecrackers), light red candles, and adorn doors with red decorations. Despite some firework bans due to pollution and safety concerns, colorful fireworks still illuminate the night sky across China.

2. United States: Asian Communities Join the Celebration

Across the ocean, Asian communities in the U.S. also commemorate this festive occasion. California, home to a large number of Chinese immigrants, hosts prominent celebrations. New York, too, embraces the Lunar New Year with its diverse population. From dragon dances to lantern festivals, the streets come alive with cultural performances and delicious food.

3. Global Unity: Embracing Tradition and Diversity

Beyond China and the U.S., Lunar New Year celebrations span the globe. From Singapore to South Korea, Malaysia to Vietnam, people gather with family and friends to honor their heritage. Filial ties take center stage as loved ones reunite in their hometowns. The streets are adorned with red paper cuttings, lanterns, and door banners, symbolizing luck, strength, and prosperity.

As we welcome the Year of the Dragon, let us embrace the rich traditions and diverse cultures that make the Lunar New Year a truly global celebration. Gong Xi Fa Cai!

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