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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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Israel Intensifies Operations with Strikes on Former Syrian Army Barracks

 

   
                                            Operations of IDF troops in southern Syria, August 20, 2025.


Israel carried out a series of airstrikes on Wednesday targeting former army barracks in Kiswa, located in the southwestern countryside of Damascus, according to Syrian state media and military sources. The attack marked the second strike in the area within 24 hours, underscoring a sharp escalation in Israeli military activity in southern Syria.

The Kiswa region, along with nearby Jabal Manea, once served as a key stronghold for pro-Iranian militias during the Assad era. Syrian officials condemned the strikes as a violation of sovereignty, while Israel maintained its long-standing policy of declining comment on foreign reports.

The latest operation comes amid ongoing security talks between Damascus and Israel, aimed at reducing tensions after months of cross-border incidents. No immediate reports of casualties or damage were released, but the strikes follow a deadly drone attack a day earlier that killed six Syrian soldiers near the same location.

Analysts note that the timing of the strikes—coinciding with diplomatic engagement—signals Israel’s intent to maintain military pressure while negotiations unfold. The situation remains fluid, with regional observers warning of potential further escalation.

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