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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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Steel Showdown: Ottawa Tightens Grip on Foreign Metal Imports

 

In a decisive move to shield Canada’s steel industry, Finance Minister Mark Carney has announced new measures aimed at curbing the influx of cheap foreign steel. The crackdown introduces stricter enforcement of anti-dumping regulations and bolsters tariff protections, targeting imports that undercut domestic prices and jeopardize the viability of local mills.

The policy shift comes amid growing concerns from manufacturers and labor unions, who say unfair trade practices have strained operations and led to job losses across the sector. Carney emphasized that the goal is not to foster protectionism, but to ensure fair competition and safeguard Canada’s industrial backbone.

While critics argue the new rules could raise costs for downstream industries, supporters believe the move is a vital step toward revitalizing homegrown production and maintaining long-term economic resilience.


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