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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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Diplomatic Shift: Trump Urges Syrian President to Normalize Ties with Israel

In a surprising diplomatic move, former U.S. President Donald Trump met with Syrian President Ahmed al-Sharaa in Saudi Arabia, urging him to establish formal ties with Israel. The meeting, which took place ahead of a summit between the United States and Gulf Arab nations, marks a significant shift in U.S. foreign policy toward Syria.  

Trump's appeal to Sharaa comes after the U.S. announced the lifting of all sanctions on Syria, a decision that has sparked both optimism and skepticism among international observers. The former president encouraged Syria to follow the path of the United Arab Emirates, Bahrain, and Morocco, which normalized relations with Israel under the U.S.-brokered Abraham Accords in 2020.  

While Saudi Arabia has expressed interest in joining the accords, discussions stalled following the Gaza conflict, with the kingdom insisting that Palestinian statehood must precede normalization. Trump's push for Syrian-Israeli ties is expected to face resistance from Israel, which remains wary of Sharaa's past affiliations.  

The lifting of sanctions is seen as a major boost for Syria's new leadership, potentially opening doors for humanitarian aid, foreign investment, and economic recovery. However, the geopolitical implications of Trump's initiative remain uncertain, as regional powers and international allies react to this unexpected development.

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