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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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EU Slaps Google with $3.5B Fine Over Digital Ad Monopoly Allegations



The European Commission has fined Google €2.95 billion (about $3.5 billion) for allegedly abusing its dominance in the digital advertising technology market. Regulators say the tech giant unfairly favored its own ad services—such as its AdX exchange and DFP ad server—over rival platforms, distorting competition and harming advertisers, publishers, and consumers.

The ruling orders Google to end its “self-preferencing” practices and address conflicts of interest within its adtech supply chain. The company has 60 days to propose remedies or face stronger measures, which could include structural changes to its business.

This marks the fourth major EU antitrust penalty against Google since 2017, adding to a growing list of regulatory battles on both sides of the Atlantic. Google has rejected the decision, calling it “unjustified” and warning that the mandated changes could hurt thousands of European businesses. The company plans to appeal.

If the Commission is not satisfied with Google’s proposals, it has signaled that breaking up parts of the company’s ad business remains on the table.


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