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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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Trump Presses Zelensky to Consider Putin’s Land Demand in Push for Peace

Vladimir Putin told Donald Trump that he would end the war if Ukraine surrenders the Donetsk region to Russia.



In the wake of a high-profile summit in Alaska, U.S. President Donald Trump has urged Ukrainian President Volodymyr Zelensky to consider a deal with Russia that would involve ceding all of Donetsk to Moscow in exchange for a freeze on most front lines. According to sources familiar with the discussions, Russian President Vladimir Putin made the proposal directly to Trump, who then relayed it to Kyiv.

Trump argued that moving straight to a peace agreement—rather than a ceasefire—would be the fastest way to end the war, calling Russia “a very big power” and suggesting Ukraine “has to agree to it”. Zelensky, however, rejected the territorial concession, citing Ukraine’s constitutional prohibition on surrendering land.

European allies, while welcoming diplomatic efforts, have reiterated their commitment to supporting Ukraine’s sovereignty and tightening sanctions on Russia. The proposal has sparked concern among some leaders that pressuring Kyiv into a land-for-peace deal could fracture allied unity and embolden Moscow’s long-term ambitions.

Zelensky is set to meet Trump in Washington on Monday, with European leaders expected to join the talks in hopes of finding common ground without compromising Ukraine’s territorial integrity.

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