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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 Signals Optimism Ahead of Alaska Summit with Putin on Ukraine Peace Talks


On the eve of a high-stakes meeting in Alaska, U.S. President Donald Trump expressed confidence that Russian President Vladimir Putin is ready “to make a deal” to end the war in Ukraine. Speaking in a radio interview, Trump suggested that while Putin may have once sought sweeping territorial gains, the Russian leader is now open to negotiations — a shift Trump attributes to their personal rapport.

The summit, set for August 15, will mark the first face-to-face talks between the two leaders since Russia’s full-scale invasion in 2022. Ukrainian President Volodymyr Zelenskyy will not attend, though Trump has indicated that a follow-up meeting involving Kyiv could occur if progress is made.

Trump tempered expectations, noting that an immediate ceasefire may not emerge from the talks, but emphasized his focus on securing “peace fast.” Putin, for his part, praised Trump’s “energetic and sincere efforts” to end the fighting.

The meeting has drawn concern from Ukrainian and European officials, who warn that any agreement reached without Ukraine’s direct involvement could undermine its sovereignty and security. Still, the Alaska summit is being closely watched as a potential turning point in a conflict that has raged for more than three years.

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