Skip to main content

Featured

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-...
Post a Comment
Read more

article

Labels

UN Warns Israel’s Gaza Food Aid Blockade Could Be a War Crime

The United Nations human rights office has issued a strong warning that Israel’s deliberate obstruction of food aid to Gaza may amount to a war crime. The statement comes amid ongoing reports of widespread hunger and a worsening humanitarian crisis in the besieged Palestinian enclave.

According to the UN, credible information indicates that Israeli authorities have systematically restricted the entry of essential supplies, including food and medical aid, into Gaza. “Wilfully impeding humanitarian relief supplies, in violation of international law, could constitute a war crime,” said Ravina Shamdasani, spokesperson for the UN High Commissioner for Human Rights.

The UN also pointed to mounting evidence of famine-like conditions in northern Gaza, exacerbated by Israeli military operations and bureaucratic hurdles that have blocked or delayed humanitarian convoys.

Israel has defended its policies by citing security concerns and the need to prevent aid from falling into the hands of Hamas. However, international organizations, including the World Food Programme and multiple NGOs, have warned that these restrictions are costing civilian lives.

The UN’s statement adds pressure on the international community to hold all parties accountable and ensure the free flow of humanitarian assistance into Gaza.

Labels:

Comments

Post a Comment