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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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Qatar Pushes for Gaza Truce Amid Hamas Agreement, Israel Yet to Respond

 

Ahmed Al-Hajj carries the body of his daughter, Dana Al-Hajj, 13, who was killed in an Israeli airstrike in the Gaza Strip, at Al-Aqsa Hospital in Deir al-Balah, Tuesday, Aug. 19, 2025. 


Qatar has renewed calls for an urgent ceasefire in Gaza after confirming that Hamas has given a “positive response” to a proposal aimed at halting the nearly two-year conflict. The plan, closely mirroring a previous U.S.-backed framework, includes a 60-day truce, phased hostage releases, and increased humanitarian aid.

Qatari Foreign Ministry spokesperson Majed al-Ansari described the development as encouraging but cautioned that no breakthrough can be claimed until Israel formally replies. Israel’s leadership has maintained its stance that all hostages must be freed and Hamas disarmed before the war ends.

The urgency of the talks comes as Israeli forces prepare for expanded operations in densely populated areas, raising fears for civilians sheltering in so-called humanitarian zones. Gaza health officials reported dozens of deaths in the latest strikes, including entire families killed in their tents.

Mediators from Qatar, Egypt, and the United States are pressing both sides to finalize an agreement, warning that failure could deepen the humanitarian crisis.

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