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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 Renews Calls to Strip NBC and ABC Broadcast Licenses Amid Bias Claims

 

                                     US President Donald Trump at the White House in Washington, DC, on July 30.     


In a fresh escalation of his long-running feud with major media outlets, U.S. President Donald Trump has called for the Federal Communications Commission (FCC) to revoke the broadcast licenses of NBC and ABC, accusing them of “unfair” and “biased” coverage against him.

Posting on Truth Social, Trump labeled the networks “two of the worst and most biased in history,” claiming they deliver overwhelmingly negative stories about his presidency. He also suggested the companies should pay substantial license fees for using public airwaves.

While Trump’s remarks echo similar threats he has made in the past, legal experts note that the FCC licenses individual stations—not entire networks—and is barred by the First Amendment from censoring content or revoking licenses based solely on editorial stance.

The comments come after Trump reached multimillion-dollar settlements with CBS and ABC over defamation claims. FCC Chair Brendan Carr, a Trump appointee, has voiced support for reviewing the networks’ licenses, though past FCC leaders have stressed the agency’s limited authority in such matters.

The dispute underscores the ongoing tension between Trump and mainstream media, raising fresh debate over press freedom and the boundaries of regulatory power in U.S. broadcasting.

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