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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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Fog of War: Russian Forces Storm Pokrovsk in ‘Mad Max’-Style Convoy

 

Russian war bloggers published a video on Nov 11 showing what they said were Russian forces entering Pokrovsk along a road enveloped in fog.

Russian forces have intensified their push into eastern Ukraine, with dramatic footage surfacing that shows troops entering the battered city of Pokrovsk in a convoy resembling scenes from the post-apocalyptic film Mad Max. The video depicts soldiers riding motorbikes and clinging to the roofs of stripped-down cars and vans as they advance through dense fog.

Pokrovsk, often referred to as “the gateway to Donetsk”, has been under threat for more than a year. Moscow’s strategy has shifted from frontal assaults, like those used in the capture of Bakhmut in 2023, to a pincer movement aimed at encircling the city and cutting off Ukrainian supply lines. Ukrainian officials reported that approximately 300 Russian soldiers are now inside Pokrovsk, with reinforcements arriving under cover of poor visibility.

The eerie convoy—vehicles missing doors and windows, soldiers perched precariously on top—has drawn comparisons to cinematic chaos. Social media users quickly dubbed the footage “Mad Max-style,” highlighting the surreal and grim nature of the war’s latest visuals.

Strategically, the fall of Pokrovsk would provide Russia with a platform to advance north toward Kramatorsk and Sloviansk, two of the largest Ukrainian-held cities in the Donetsk region. For Ukraine, holding Pokrovsk is critical to maintaining its defensive line and preventing further Russian breakthroughs.

The haunting imagery underscores the brutal reality of the conflict: improvised machinery, relentless fog, and a battlefield that increasingly resembles dystopian fiction. Yet for the residents of Pokrovsk, this is no movie—it is the stark continuation of a war that shows no signs of abating.

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