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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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Aid Bottleneck: Gaza’s North Still Starving Despite Daily Food Deliveries

Trucks carry aid for Palestinians, amid a ceasefire between Israel and Hamas in Gaza, in Khan Younis, in the southern Gaza Strip

Despite an average of 560 tonnes of food entering Gaza each day since the ceasefire began, aid convoys are struggling to reach the famine-stricken north. According to the United Nations, damaged infrastructure and the closure of key routes have left thousands in Gaza City and surrounding areas without access to desperately needed supplies.

Humanitarian officials warn that while the flow of aid into southern Gaza has improved, the crisis in the north remains acute. Malnutrition, homelessness, and the collapse of basic services have pushed conditions beyond famine thresholds, particularly for children.

UN humanitarian chief Tom Fletcher stressed that “thousands of aid vehicles would have to enter weekly” to stabilize the situation. For now, the ceasefire has opened only a narrow window of opportunity, and aid groups continue to call for safe, sustained access to the hardest-hit regions.


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