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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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Mediation Talks Between Canada Post and Union Halted Amidst Ongoing Strike



Mediation talks between Canada Post and the Canadian Union of Postal Workers (CUPW) have been suspended, as both parties remain far apart on critical issues. The federally appointed special mediator announced the suspension, stating that the parties need time to reassess their positions.

The suspension comes after nearly two weeks of strike action by Canada Post workers, which has significantly impacted the national mail service, especially with the busy holiday season approaching. Labour Minister Steven MacKinnon expressed frustration over the breakdown in negotiations and has requested both parties to meet with him to discuss the way forward.

The mediator will re-engage with both sides as soon as productive bargaining can resume. In the meantime, the union and Canada Post are urged to come back to the table with renewed resolve.

The ongoing strike and suspension of talks have raised concerns about the timely delivery of mail and packages, leaving many Canadians anxious about the potential impact on their holiday plans.




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