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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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Chief Criticizes Federal Branding Requirement on Orange Shirt Day Funding

The Chief of James Smith Cree Nation, Kirby Constant, has voiced strong concerns over Ottawa’s decision to require federal branding on promotional materials for Orange Shirt Day events.

The community received approximately $6,700 from the Department of Canadian Heritage to support activities marking the National Day for Truth and Reconciliation. However, the funding came with the stipulation that government logos be displayed on event materials.

Chief Constant said this condition undermines the spirit of the day, which is meant to honour survivors of residential and day schools, as well as those who never returned home. He emphasized that Orange Shirt Day is a solemn occasion rooted in Indigenous experiences, not an opportunity for government promotion.

The controversy highlights ongoing tensions between Indigenous communities and federal authorities over how reconciliation efforts are represented and supported. For many, the issue raises broader questions about whether government involvement risks overshadowing the voices of survivors and their families.


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