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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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Celestica Powers TSX to Record High Amid Commodity Strength and Earnings Optimism

 

                                                                 Toronto Stock Exchange building

TSX Surges to Record High as Celestica Soars and Commodities Rally

The S&P/TSX Composite Index surged to a new all-time high of 27,539.88, buoyed by strong corporate earnings and rising commodity prices. The index gained 134.46 points, or 0.49%, continuing its bullish momentum despite mixed signals from global markets.

One of the standout performers was Celestica Inc. (TSX:CLS), which jumped 4.24% following the release of its impressive Q2 2025 earnings report. The Toronto-based tech firm posted $2.89 billion in revenue, a 21% increase year-over-year, and adjusted EPS of $1.39, beating analyst expectations. CEO Rob Mionis cited strong demand from cloud and connectivity customers and raised the company’s full-year revenue forecast to $11.55 billion, up from $10.85 billion.

Meanwhile, commodity prices lent further support to the resource-heavy TSX. Gains in energy and industrial sectors offset declines in mining and materials, which were pressured by falling gold prices. Top gainers included TFI International, Lightspeed Commerce, and Orla Mining, each rising over 4%.

Despite some volatility in global trade news and cautious investor sentiment ahead of central bank rate decisions, Canadian equities remain resilient. Investors are now watching closely for updates from the Bank of Canada and the U.S. Federal Reserve, both set to announce policy decisions later this week.


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