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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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Global Outcry Intensifies Over Israel’s Gaza City Occupation Plan

 

                            Palestinians ride on a truck as they collect aid supplies that entered Gaza through Israel on Sunday.

Israel’s newly approved plan to occupy Gaza City has sparked a wave of international condemnation and domestic unrest. The proposal, backed by Prime Minister Benjamin Netanyahu and ratified by Israel’s Security Cabinet, outlines a full military takeover of Gaza City over the next six months, beginning with mass evacuations and culminating in ground operations involving six Israeli military divisions.

Critics argue the move threatens to deepen the humanitarian crisis in Gaza, where 87% of the territory is already under evacuation orders or military control. The United Nations has warned of “catastrophic consequences,” and an emergency Security Council session was convened to address the escalating situation.

Governments across Europe, the Arab world, and Australia have urged Israel to reconsider, citing violations of international law and the risk to hostages still held by Hamas. In Israel, families of hostages and bereaved citizens have announced a nationwide shutdown on August 17 to protest the plan.

Despite Netanyahu’s assertion that Israel does not intend to govern Gaza long-term, the lack of a clear post-conflict administration has raised concerns about indefinite military control. As tensions mount, the international community continues to press for a ceasefire and a renewed commitment to a two-state solution.

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