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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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Ignace Chosen as Site for Canada's Underground Nuclear Waste Repository


A region in northern Ontario has been selected as the site for Canada's underground nuclear waste repository. The Nuclear Waste Management Organization (NWMO) announced that the Township of Ignace and the Wabigoon Lake Ojibway Nation have agreed to host the $26-billion project.

The decision comes after a 14-year site selection process that began in 2010 with 22 potential locations. The site selection was narrowed down to two finalists in Ontario: Ignace and South Bruce. The NWMO ultimately chose Ignace after both the municipality and the nearby First Nation expressed their willingness to move forward.

The deep geological repository will be located about 650 to 800 meters underground, encased in solid rock with engineered barriers to ensure the safe storage of nuclear waste for thousands of years. The project is expected to take approximately 20 years to complete, including regulatory approvals and construction.

Federal Energy and Natural Resources Minister Jonathan Wilkinson expressed his gratitude to the communities involved in the selection process and emphasized the importance of the project for Canada's climate change goals.

The NWMO will now begin the regulatory approval process, which is estimated to take about 10 years, followed by another 10 years of construction. The used fuel is expected to be loaded into the repository over a period of 50 to 60 years.




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