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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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Cosmic Fireworks: Perseid Meteor Shower Dazzles Tonight


Get ready for a celestial spectacle as the annual Perseid meteor shower reaches its radiant peak tonight, promising one of the most breathtaking night sky events of the year. Skywatchers across the Northern Hemisphere, especially in areas with clear, dark skies, will have a chance to witness dozens of meteors streaking overhead every hour.

The Perseids, named after the constellation Perseus, are caused by Earth’s passage through debris left behind by the Swift-Tuttle comet. As these tiny fragments collide with our atmosphere, they burn up in brilliant flashes of light, often leaving glowing trails.

The best viewing time is after midnight, when the sky is darkest and the radiant point is higher. Experts recommend finding a spot away from city lights, lying back, and giving your eyes 20 minutes to adjust to the darkness—no telescopes needed.

So grab a blanket, some snacks, and look up. Tonight, the universe is putting on a show. 




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