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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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United Front: European Leaders Join Zelensky for High-Stakes White House Talks with Trump

 

Ukraine is under increased pressure on the front-lines as Russia pushes to take more territory in advance of an anticipated peace deal.


In a rare show of transatlantic unity, top European leaders will accompany Ukrainian President Volodymyr Zelensky to the White House on Monday for pivotal talks with U.S. President Donald Trump. The meeting comes just days after Trump’s summit with Russian President Vladimir Putin in Alaska, which failed to produce a breakthrough on ending the war in Ukraine.

Confirmed attendees include French President Emmanuel Macron, German Chancellor Friedrich Merz, NATO Secretary-General Mark Rutte, European Commission President Ursula von der Leyen, British Prime Minister Keir Starmer, Finnish President Alexander Stubb, and Italian Prime Minister Giorgia Meloni.

According to European officials, the agenda will focus on security guarantees, territorial disputes, and sustaining military and economic support for Ukraine. The coordinated presence of Europe’s political heavyweights is seen as an effort to prevent Zelensky from being pressured into accepting a peace deal that could involve ceding occupied territories to Russia.

The talks follow months of tense diplomacy, including a public clash between Trump and Zelensky in February that temporarily froze U.S. aid to Kyiv. With Russia intensifying its offensives and rejecting calls for a ceasefire, the stakes for Monday’s Oval Office meeting could not be higher.


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