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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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Alaska Summit to Tackle Ukraine War and Unlock Russia–U.S. Economic Potential

 

A general view of Fort Richardson, part of Joint Base Elmendorf-Richardson, ahead of a planned meeting between U.S. President Donald Trump and Russian President Vladimir Putin.

 

In a high-stakes meeting set for Friday in Alaska, Presidents Vladimir Putin and Donald Trump will explore what the Kremlin calls the “huge untapped potential” of Russia–U.S. economic relations, alongside urgent talks on ending the war in Ukraine.

According to Kremlin aide Yuri Ushakov, the summit will begin with a one-on-one session between the leaders, followed by broader discussions with senior officials from both sides. The agenda is expected to center on Ukraine, but will also cover wider security issues and opportunities for trade and investment.

This marks the first face-to-face meeting between the two leaders since June 2021, and comes as Washington pushes for a resolution to the 3½-year-old conflict. Ushakov emphasized that while the war will dominate the talks, both nations are keen to explore new avenues for economic cooperation that have so far remained largely untapped.

The outcome of the Alaska summit could shape not only the trajectory of the Ukraine conflict but also the future of bilateral economic ties between two of the world’s most influential powers.

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