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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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Snowfall Siege: Ontario Grapples with Record Snow Squalls


Ontario is currently experiencing a severe snow squall event, with some areas expected to see snowfall totals exceeding 100 cm by the end of the weekend. The powerful lake-effect snow has already blanketed Bracebridge with 55 cm of snow as of Friday evening.

The multi-day event, which began on Thursday, is predicted to continue through Sunday, bringing heavy snowfall rates of 5-10 cm per hour. Environment and Climate Change Canada has issued snow squall warnings, urging residents to prepare for rapidly changing and deteriorating travel conditions.

Communities from Kincardine to Dundalk and Parry Sound to Barrie are expected to be hit hardest, with potential whiteout conditions and near-zero visibility. Sault Ste. Marie is also bracing for significant snowfall, with accumulations of 30-50 cm anticipated.

While the snowfall is a boon for Ontario's ski resorts, it poses challenges for drivers and travelers. Authorities advise caution and staying updated on road conditions.




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