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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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Your daily horoscope: Friday, August 22, 2025

 

IF TODAY IS YOUR BIRTHDAY

A little bit of self-discipline will go a very long way over the coming year. Start each and every day with a routine that gets three minor tasks done and dusted in the very first hour. After that the major goals will come easy to you.

Aries (March 21 - April 20):

Give yourself a break today and over the weekend. Forget about your work and your chores for a while and just relax. You may be dynamic by nature but the non-stop activity of the past few weeks needs to be balanced by a period of calm.

Taurus (April 21 - May 21):

As the sun moves into the most dynamic area of your chart today your confidence will soar and you will be making the kind of plans that change lives for the better, in particular your own. Don’t hold back, show the world what you are capable of.

Gemini (May 22 - June 21):

A minor mistake could have major repercussions unless you get a grip and do something about it. Start by admitting that the error is yours alone and that you alone must fix it. Even a Gemini gets it wrong occasionally, so don’t beat yourself up about it.

Cancer (June 22 - July 23):

The Sun’s entry into the most outgoing area of your chart will have you looking around for ways to have fun and you won’t be short of options. The more you are on the move the more you will enjoy yourself, so go visit a faraway friend.

Leo (July 24 - Aug. 23):

Take time out of your busy schedule to look back at the past few weeks. How much did you accomplish? Are you exhausted from all that non-stop activity? Maybe you should ease back a bit and give both your mind and your body a chance to recover.

Virgo (Aug. 24 - Sept. 23):

The sun moves into your sign today and a new phase begins. Set aside an hour or two for some serious thought about where you are in life at the present moment and where you want to be by this time next year. Then go for it!

Libra (Sept. 24 - Oct. 23):

If you don’t stand up for yourself today and over the weekend your enemies will walk all over you. You cannot afford to allow even a single person to say bad things about you, because if they get away with it others will try it on too.

Scorpio (Oct. 24 - Nov. 22):

Most of your problems have simple solutions but you seem determined to make life hard for yourself. A more laidback attitude to what’s going on in the world will do wonders for your luck over the next 24 hours – and your blood pressure too!

Sagittarius (Nov. 23 - Dec. 21):

The sun’s move into the career area of your chart today will encourage you to be more serious about your ambitions. No matter how young or old you may be there are still plenty of opportunities on offer for someone as creative as you.

Capricorn (Dec. 22 - Jan. 20):

Something you took seriously yesterday won’t seem so important today and the sense of relief you feel will be amazing. It’s not just this one thing though, is it? How many other events in your life are actually of no real significance?

Aquarius (Jan. 21 - Feb. 19):

Business and financial matters must be handled with care today, because even a small error, by you or by someone else, could lead to big losses down the line. If a friend or colleague taps you for a loan the only sensible answer is “No”.

Pisces (Feb. 20 - Mar. 20):

The sun’s move into your opposite sign today marks the halfway point of your solar year, making it the ideal time to look back and assess how far you have come and how far you still have to go. There’s a lot you should be celebrating.

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