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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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RFK Jr. Faces Bipartisan Firestorm Over Vaccine Policies in Fiery Senate Showdown

U.S. Senator Michael Bennet (D-CO) speaks as U.S. Health and Human Services Secretary Robert F. Kennedy Jr., testifies before a Senate Finance Committee hearing on President Donald Trump's 2026 health care agenda, on Capitol Hill in Washington, D.C., U.S., September 4, 2025. 

In a tense three-hour Senate Finance Committee hearing, U.S. Health and Human Services Secretary Robert F. Kennedy Jr. came under sharp bipartisan attack over his controversial vaccine policies and sweeping changes at the Centers for Disease Control and Prevention (CDC). Lawmakers from both parties grilled Kennedy on his decision to limit COVID-19 vaccine access for healthy individuals under 65, the abrupt firing of CDC Director Susan Monarez after just one month in the role, and the appointment of vaccine skeptics to key advisory positions.

Democrats accused Kennedy of breaking promises made during his confirmation hearings, with Sen. Elizabeth Warren calling for his resignation, while Republicans like Sen. Bill Cassidy expressed alarm that his policies were “denying people vaccines”. Kennedy defended his actions as necessary reforms to restore public trust, accusing senators of misrepresenting his record and alleging that major medical organizations have been corrupted by pharmaceutical influence.

The hearing, intended to review President Trump’s 2026 health care agenda, instead became a heated political and scientific battleground — underscoring the deep divisions over vaccine policy and the future direction of U.S. public health leadership.


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