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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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Canada Greenlights Next-Gen COVID-19 Vaccines Ahead of Fall Season



Health Canada has approved updated COVID-19 vaccines from Pfizer-BioNTech and Moderna, paving the way for their rollout ahead of the upcoming respiratory virus season.

Both vaccines — Pfizer’s Comirnaty and Moderna’s Spikevax — have been reformulated to target the LP.8.1 variant, a descendant of Omicron currently under global monitoring. The updated shots are authorized for individuals aged six months and older, with provincial and territorial health authorities determining eligibility and distribution plans.

Moderna will manufacture doses for the Canadian market at its new facility in Laval, Quebec, with final syringe preparation in Cambridge, Ontario — marking a milestone in domestic vaccine production.

The National Advisory Committee on Immunization recommends priority vaccination for seniors, long-term care residents, immunocompromised individuals, health-care workers, and others at higher risk of severe illness.

The vaccines are expected to be available in pharmacies, clinics, and public health sites across the country this fall, with most provinces offering them free of charge to eligible residents.

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