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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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Netanyahu Balances Gaza City Offensive Plans with Renewed Hostage Talks

Humanitarian aid packages, dropped from an Indonesian Hercules aircraft, descend over the Gaza Strip, as seen from Israel, August 21, 2025

Israeli Prime Minister Benjamin Netanyahu announced that Israel will immediately resume negotiations aimed at securing the release of all hostages held in Gaza and bringing an end to the nearly two-year war — but only under terms acceptable to Israel.

The statement came as Netanyahu met soldiers near the Gaza border, reaffirming his intention to approve military plans for capturing Gaza City and defeating Hamas. The renewed talks follow a temporary ceasefire proposal from Egypt and Qatar, which Hamas accepted earlier this week. The plan calls for a 60-day truce, the release of 10 living hostages and 18 bodies, and the freeing of about 200 long-serving Palestinian prisoners by Israel.

While Israel insists that all 50 remaining hostages — around 20 believed to be alive — must be released in any deal, the military continues preparations for a large-scale Gaza City operation. This includes the call-up of 60,000 reservists, despite international appeals to halt the offensive.

In Gaza City, hundreds of residents staged a rare protest against the war, carrying banners reading “Save Gaza” and “Gaza is dying by the killing, hunger and oppression”. The demonstrations underscored the growing humanitarian crisis, as both sides weigh the possibility of a ceasefire against the backdrop of escalating military action.

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