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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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Hope Rekindled: Russia and Ukraine Resume Peace Talks After Seven-Week Hiatus

 

After a tense seven-week pause, Russia and Ukraine are set to resume peace negotiations in a renewed effort to de-escalate the ongoing conflict. The talks, scheduled to take place in a neutral location, mark the first formal dialogue between the two nations since diplomatic efforts stalled earlier this summer.

International observers view the resumption as a cautious but significant step toward potential reconciliation. While expectations remain tempered, both sides have signaled a willingness to revisit key issues, including territorial disputes, humanitarian corridors, and prisoner exchanges.

Western diplomats have welcomed the move, urging both parties to prioritize civilian safety and long-term stability. Meanwhile, analysts warn that deep-rooted mistrust and unresolved grievances could hinder progress.

Still, the renewed dialogue offers a glimmer of hope in a war that has exacted a heavy toll on both nations. Whether this round of talks will yield tangible results remains uncertain—but for now, the world watches with guarded optimism.

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