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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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Pentagon Authorizes Armed National Guard Deployment in Washington, D.C.

 

                                            Nearly 2,000 National Guard members have been stationed in Washington.


In a significant shift to the ongoing federal security presence in the U.S. capital, Defense Secretary Pete Hegseth has authorized nearly 2,000 National Guard troops stationed in Washington, D.C., to carry their service-issued firearms while on duty.

The decision marks an escalation in President Donald Trump’s law enforcement crackdown, which has already seen Guard members from multiple Republican-led states deployed to the city. Initially, the Pentagon had stated that troops would not be armed, but the new directive allows them to carry weapons “consistent with their mission and training”.

While the Guard’s primary role has so far involved protecting landmarks, assisting with crowd control, and providing a visible deterrent, the change raises questions about the scope of their mission going forward. Officials have emphasized that the troops will not be making arrests, though they may detain individuals temporarily until law enforcement arrives.

The move comes amid political tension between the federal government and D.C.’s local leadership, with critics warning of unprecedented federal intervention in the city’s policing. Supporters of the measure argue it will bolster public safety and deter crime.

The Pentagon has not provided a timeline for how long the armed deployment will remain in place, but President Trump has suggested the mission could continue for months.

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