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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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Pope Francis Shows Signs of Recovery Amid Double Pneumonia Treatment


Pope Francis, the 88-year-old head of the Roman Catholic Church, is showing signs of improvement as he continues treatment for double pneumonia at Rome's Gemelli Hospital. The Vatican has confirmed that the pontiff is alert and able to eat, a positive development in his ongoing battle with the respiratory infection.

The Pope was admitted to the hospital on February 14th after experiencing a week of worsening bronchitis. Subsequent tests revealed that his condition had developed into bilateral pneumonia, affecting both lungs. This diagnosis has complicated his treatment, requiring a combination of antibiotics, corticosteroids, and additional pharmacological therapy.

Despite the severity of his illness, Pope Francis remains in good spirits. He has been receiving the Eucharist and alternating between rest, prayer, and reading. The Vatican has expressed gratitude for the outpouring of prayers and support from around the world.

The Pope's health has been a concern in recent years, with regular bouts of flu, sciatica nerve pain, and an abdominal hernia that required surgery in 2023. His current condition has led to the cancellation of several public engagements, including weekend jubilee celebrations.

As Pope Francis continues his recovery, the Vatican will provide updates on his condition and treatment progress.



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