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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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High-Stakes in the Far North: Trump and Putin Meet in Alaska to Test Ceasefire Prospects

 


U.S. President Donald Trump and Russian President Vladimir Putin are set to meet today at Joint Base Elmendorf-Richardson in what the White House is calling a “feel‑out” session aimed at gauging the possibility of a ceasefire in Ukraine.

The summit — the first face‑to‑face meeting between the two leaders since Trump’s return to office — comes amid intensified fighting, with overnight missile and drone strikes reported across multiple Ukrainian regions. Ukrainian President Volodymyr Zelenskyy is not attending, a point of contention for Kyiv, which insists no peace deal can be made without its direct involvement.

Trump has signaled that the Alaska talks are a precursor to a potential second meeting involving Zelenskyy and possibly European leaders. While he has alternated between optimism and caution, he has also warned of “very severe consequences” for Russia if no progress is made.

Putin, facing mounting economic pressure from Western sanctions, has hinted at broader bargaining chips — including a possible new nuclear arms control agreement — alongside any truce discussions. Analysts say the meeting could yield anything from a symbolic pause in hostilities to a framework for more substantive negotiations, though both sides remain far apart on core demands.

For now, the world’s attention turns to Anchorage, where the outcome could shape the next chapter of a war that has stretched on for more than three years.

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