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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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Historic Accord: Armenia and Azerbaijan Seal Peace Deal at White House

Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev meet in Abu Dhabi, United Arab Emirates last month.

In a landmark moment for the South Caucasus region, the leaders of Armenia and Azerbaijan convened at the White House on Friday to sign a U.S.-brokered peace agreement aimed at ending nearly four decades of conflict.

President Donald Trump hosted Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan for what was dubbed the “TRIPP Summit,” named after the newly designated Trump Route for International Peace and Prosperity—a strategic transit corridor connecting the two nations. The United States secured exclusive development rights to the corridor, which is expected to facilitate trade, energy, and infrastructure projects across the region.

The peace deal marks the first formal agreement between the two former Soviet republics since hostilities began in 1988 over the disputed Nagorno-Karabakh region. While the accord has been hailed as a diplomatic breakthrough, critics have raised concerns over unresolved issues, including the displacement of ethnic Armenians and the fate of prisoners of war.

In addition to the peace declaration, separate bilateral agreements were signed between the U.S. and each country, covering energy, technology, border security, and economic cooperation.

The signing ceremony signals a potential turning point for a region long plagued by ethnic tensions and geopolitical rivalries. Whether this agreement leads to lasting peace remains to be seen—but for now, it’s a moment of cautious optimism.

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