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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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Deadly Strike on Gaza’s Nasser Hospital Claims Lives of Journalists and Civilians

 

                        Smoke rises following an explosion during an Israeli operation, in Gaza City, August 25, 2025.


An Israeli airstrike on the fourth floor of Nasser Hospital, the largest medical facility in southern Gaza, has killed at least 15 people, including four journalists and a civil defense worker, according to Gaza’s health ministry and civil defense officials.

Witnesses and officials described the attack as a “double-tap” strike — one missile hitting first, followed moments later by another as rescue teams arrived. Among the journalists killed were Reuters cameraman Hussam al-Masri, Al Jazeera’s Mohammed Salameh, and freelancers Maryam Abu Daqa and Moaz Abu Taha. Several others, including Reuters photographer Hatem Khaled, were wounded.

The hospital, already strained by severe shortages of staff and supplies after 22 months of war, has endured repeated bombardments. Israel’s military has not commented on the latest strike, but has previously claimed that militants operate from within medical facilities — allegations that have drawn international scrutiny.

The incident adds to what press freedom groups call one of the deadliest conflicts for journalists in recent history, with nearly 200 media workers killed in Gaza since the war began.

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