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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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Storm Floris Unleashes Chaos Across UK and Ireland

 

                                            People were seeking shelter from the storm at Portstewart


Storm Floris Grounds Flights and Cuts Power to Thousands

Storm Floris has battered parts of the UK and Ireland with winds reaching up to 90mph, causing widespread disruption to transport and power infrastructure. The storm, one of the most severe of the 2024–25 season, has led to hundreds of flight cancellations, blocked roads, and left tens of thousands without electricity.

Air Travel Disrupted More than 150 flights were cancelled across northern Scotland and Northern Ireland, with Aberdeen and Belfast City airports among the worst affected. Some flights, including easyJet and KLM services, were forced to turn back mid-air due to dangerous landing conditions.

Rail and Road Chaos Scotland’s rail network was severely impacted, with all lines north of the Central Belt shut down. Fallen trees blocked major roads, including the A96 in Aberdeenshire and routes in Moray, where gusts reached 90mph.

Power Outages Over 22,500 homes in Scotland and 10,000 more in Ireland lost power as high winds downed power lines. Counties such as Donegal, Roscommon, Galway, and Mayo were among the hardest hit. ESB Networks crews are working to restore electricity, warning the public to avoid fallen wires.

Events Cancelled The storm also disrupted cultural events, including the Royal Edinburgh Military Tattoo, and delayed exam result deliveries to island communities.

Authorities continue to advise against travel and urge residents to stay indoors until conditions improve. With cleanup efforts underway, the full impact of Storm Floris is still unfolding.

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