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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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Putin Hails US Efforts as High-Stakes Alaska Summit Nears

Russian President Vladimir Putin and US President Donald Trump are meeting in Alaska on 15 August 2025. 

Russian President Vladimir Putin has lauded what he called the United States’ “energetic and sincere efforts” to end the war in Ukraine, just hours before his first face-to-face meeting with US President Donald Trump since 2018. The summit, set for Friday at a military base in Anchorage, Alaska, is expected to tackle a potential ceasefire, nuclear arms control, and broader security issues.

Putin’s remarks signaled Moscow’s intent to raise strategic weapons talks alongside the Ukraine conflict, framing the meeting as a chance to create “long-term conditions for peace” in Europe and beyond.

Meanwhile, Ukrainian President Volodymyr Zelenskyy and European leaders have been working to ensure their interests are not sidelined. Trump has reportedly expressed willingness to support security guarantees for Kyiv, though details remain unclear.

The Alaska talks will begin with a one-on-one session, followed by delegation meetings and a press conference. While hopes for progress exist, both sides have tempered expectations, with no formal agreements anticipated at this stage.

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