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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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Hamas Endorses Trump Plan as Islamic Jihad Joins In, Raising Hopes for Hostage Release

 

Hamas terrorists stand in formation ahead of a ceremony to hand over Israeli hostages to the Red Cross in Nuseirat, central Gaza Strip, February 22, 2025. 


A potential breakthrough emerged in the Gaza conflict after Hamas announced its acceptance of key elements of U.S. President Donald Trump’s peace plan, including provisions for ending the war, Israel’s withdrawal, and the exchange of hostages and prisoners.

The move gained further momentum when Palestinian Islamic Jihad, a smaller but more hardline faction that also holds hostages, publicly endorsed Hamas’s stance. Their alignment has fueled cautious optimism that the long-stalled release of Israeli captives could finally move forward.

World leaders quickly welcomed the development, urging both sides to seize the opportunity for a ceasefire in what has become the deadliest conflict involving Israel since its founding in 1948. For many Palestinians, the joint response offered a rare “ray of hope” after years of failed ceasefire attempts and devastating humanitarian crises in Gaza.

Still, uncertainty lingers. Some Palestinians voiced concern that Israeli Prime Minister Benjamin Netanyahu’s government could resist or derail the plan, while questions remain over whether Hamas will agree to disarm—one of Israel’s central demands.

Despite these challenges, the unified backing of Hamas and Islamic Jihad marks a significant shift in the dynamics of the conflict, raising hopes that a path toward peace and the release of hostages may finally be within reach.


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