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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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Zelenskyy Draws a Red Line: No Peace Without Ukraine

 

🇺🇦 Ukrainian President Volodymyr Zelenskyy has firmly rejected any proposal that would see Ukraine formally cede territory to Russia, emphasizing that Kyiv must be directly involved in all negotiations aimed at ending the war.

In a statement posted to Telegram, Zelenskyy warned that any peace deal excluding Ukraine would result in “dead solutions” that fail to bring lasting stability. His comments come ahead of a planned summit between U.S. President Donald Trump and Russian President Vladimir Putin in Alaska, which has sparked concern in Kyiv over the possibility of being sidelined.

Zelenskyy reiterated that Ukraine’s territorial integrity is enshrined in its constitution and is non-negotiable. “Ukrainians will not give their land to the occupier,” he declared, adding that any decisions made without Ukraine’s participation are inherently decisions against peace.

The summit, seen by some as a potential breakthrough in the three-year conflict, has raised eyebrows due to Trump’s willingness to meet Putin without first engaging Zelenskyy. Analysts suggest that Russia may offer to relinquish control of certain territories outside the four regions it claims to have annexed, but Kyiv remains adamant that no deal can be struck without its voice at the table.

Zelenskyy’s stance underscores the deep divisions that remain and the challenges ahead for any diplomatic resolution.

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