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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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Health Canada Faces Scrutiny Over $20M Pharmaceutical Loss

 

A worker puts an Ontario sticker on a load of hundreds of ventilators as they are loaded on to an airplane destined for India in Toronto on Tuesday May 18, 2021.


Health Canada has confirmed that more than $20 million worth of pharmaceutical products from the national emergency stockpile were lost this year due to what officials describe as a “temperature deviation.” The incident, disclosed in the 2025 public accounts, has raised questions about the management and oversight of Canada’s critical medical reserves.

According to the Public Health Agency of Canada, the affected pharmaceuticals included vaccines and other essential medicines stored for emergency use. While the agency insists the loss will not compromise the stockpile’s ability to respond to public health crises, it has refused to specify which products were destroyed, citing national security concerns.

The cause of the temperature deviation remains unclear. Health Canada has not indicated whether the issue stemmed from a single incident or multiple failures in storage systems. The lack of transparency has prompted criticism from observers who argue that Canadians deserve more accountability when taxpayer-funded resources are wasted.

The national emergency stockpile plays a vital role in safeguarding Canadians during pandemics, natural disasters, and other health emergencies. It contains medical supplies, vaccines, and pharmaceuticals that can be deployed rapidly in times of crisis. The revelation of such a significant loss underscores the challenges of maintaining sensitive medical products that require strict temperature controls.

While Health Canada maintains that the stockpile remains robust, the incident highlights the importance of improved monitoring systems and stronger safeguards to prevent similar losses in the future. As public trust hinges on the reliability of Canada’s emergency preparedness, calls for greater transparency and accountability are likely to intensify in the months ahead.


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