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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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A Diplomatic Encounter Amid Tensions


U.S. Vice President JD Vance met briefly with Pope Francis at the Vatican on Easter Sunday, following the pontiff's criticism of the Trump administration's migrant deportation policies. The meeting took place at the Domus Santa Marta, where the pope resides, as he recovers from pneumonia. 

During the encounter, Vance expressed gratitude for the pope's hospitality and exchanged Easter greetings. The pope gifted Vance chocolate Easter eggs for his children, along with a Vatican tie and rosaries. Despite their differences on migration policies, the meeting was described as cordial, with both parties acknowledging their shared Catholic faith.

The Vatican has voiced concerns over the administration's crackdown on migrants, emphasizing the importance of preserving their dignity. Vance, a Catholic convert, has defended his stance, citing theological justifications, which the pope has publicly rebutted. 

This brief encounter highlights the complexities of diplomacy and faith in addressing global humanitarian issues.

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