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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 Post Union Pushes for Pay Hike Amid Financial Struggles


Union Tables Bold Wage Proposal

The Canadian Union of Postal Workers (CUPW) has presented new offers to Canada Post, demanding significantly higher wages and expanded weekend services. The proposal includes annual wage increases of 9% in the first year, followed by 4%, 3%, and 3% over the next three years—surpassing the 13% total increase Canada Post previously offered.

Weekend Delivery & Part-Time Workforce

CUPW’s offer also introduces weekend parcel delivery and the hiring of part-time workers, capped at 20 hours per week. Weekend duties would focus on parcel delivery, pickup, and mail sorting, with part-time staff not exceeding the number of full-time workers on shift.

Financial Pressures & Bargaining Tensions

Negotiations have stretched over 18 months, with Canada Post warning of daily financial losses due to bargaining uncertainty. An earlier inquiry found the postal service effectively bankrupt, urging major reforms to stay afloat.

Cost-of-Living Clause & Benefits

The union is also pushing for a cost-of-living adjustment if inflation hits 10.33% in a quarter—higher than the 7% threshold in Canada Post’s last offer. CUPW seeks improvements to disability programs and benefits, while maintaining its defined benefit pension and a national overtime ban.

With talks resuming and more sessions scheduled, both sides face mounting pressure to reach a deal that balances worker demands with the Crown corporation’s financial realities.

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