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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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Carney Government Secures Crucial Budget Victory

Prime Minister Mark Carney and Minister of Finance and National Revenue Francois-Philippe Champagne applaud following a vote on the federal budget on Parliament Hill in Ottawa, Monday, Nov. 17, 2025.

The Carney government has successfully survived a confidence vote on its federal budget, ensuring the administration remains in power and its fiscal plan moves forward. The vote, seen as a critical test of the government’s stability, passed after tense debate in Parliament, with opposition parties pressing hard against key spending measures.

By winning the confidence motion, Prime Minister Carney’s team has reinforced its mandate to implement economic policies aimed at growth and fiscal responsibility. Analysts suggest the outcome will provide short-term stability, though challenges remain as the government faces scrutiny over rising costs and long-term debt management.

The victory signals that, for now, the Carney government retains enough parliamentary support to continue governing, while setting the stage for further political battles over upcoming legislation.



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