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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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Tragedy in Kenya: Tourist Plane Crash Claims 11 Lives

Security officials secure the wreckage of the aircraft 5Y-CCA operated by Mombasa Air Services, which crashed with 12 passengers onboard on its way from Diani to Kichwa Tembo, at the Tsimba Golini area in Kwale County

A devastating plane crash in Kenya’s coastal Kwale region has claimed the lives of 11 people, including 10 foreign tourists and a Kenyan pilot. The light aircraft, operated by Mombasa Air Safari, was en route to the world-renowned Maasai Mara National Reserve when it went down early Tuesday morning in a hilly, forested area about 40 kilometers from Diani airstrip.

According to officials, the passengers included eight Hungarian nationals and two Germans, all of whom were visiting Kenya for a safari experience. Tragically, there were no survivors. The Civil Aviation Authority confirmed that the aircraft lost contact with air traffic control shortly after departure, prompting a search that led to the discovery of the wreckage.

Witnesses reported that the crash site was difficult to access due to the dense terrain, complicating rescue and recovery efforts. Authorities have launched a full investigation into the cause of the accident, with early reports indicating that the pilot failed to establish communication after takeoff.

The incident has cast a shadow over Kenya’s tourism sector, which heavily relies on international visitors drawn to its wildlife reserves and coastal attractions. The Maasai Mara, the intended destination of the ill-fated flight, is one of Africa’s most iconic safari locations, famous for its annual wildebeest migration and rich biodiversity.

Kenyan officials expressed condolences to the victims’ families and pledged transparency in the investigation. Mombasa Air Safari, in a statement, said it was “deeply saddened by the tragic loss of lives” and is cooperating fully with aviation authorities.

This tragedy underscores ongoing concerns about aviation safety in East Africa, where smaller aircraft are often used to connect remote tourist destinations. While Kenya has made strides in improving air travel safety, accidents involving light aircraft remain a recurring challenge.

The crash serves as a somber reminder of the risks associated with regional air travel, even as Kenya continues to welcome thousands of tourists each year to experience its natural wonders.


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