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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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Khamenei Rejects U.S. Cooperation Over Washington’s Support for Israel

Iran's Supreme Leader Ayatollah Ali Khamenei speaks during a meeting with students in Tehran, Iran, November 3, 2025.

Iran’s Supreme Leader, Ayatollah Ali Khamenei, has declared that any prospect of cooperation between Tehran and Washington is impossible as long as the United States continues to support Israel and maintain its military presence in the Middle East. His remarks, delivered during a gathering in Tehran, underscore the enduring hostility between the two nations despite intermittent diplomatic overtures.

Khamenei stated that while American officials occasionally express interest in working with Iran, such cooperation cannot occur under current U.S. policies. He specifically cited Washington’s backing of what he called the “accursed Zionist regime,” its network of regional military bases, and its interference in Middle Eastern affairs as the main obstacles.

The comments come at a time when the U.S. administration has signaled openness to dialogue, with President Donald Trump previously suggesting that “the hand of friendship and cooperation” was extended to Iran. However, Khamenei dismissed such gestures as incompatible with America’s actions in the region.

This latest statement highlights the deep geopolitical rift that continues to define U.S.-Iran relations. While the two countries have engaged in limited nuclear negotiations in recent years, progress has been repeatedly derailed by regional conflicts, sanctions, and mutual distrust.

Analysts note that Khamenei’s remarks serve both as a reaffirmation of Iran’s hardline stance and as a message to domestic audiences on the anniversary of the 1979 U.S. Embassy takeover in Tehran—a symbolic reminder of the revolution’s anti-American roots.

With tensions still high following clashes involving Israel and Iran earlier this year, the Supreme Leader’s words suggest that any breakthrough in U.S.-Iran relations remains unlikely unless Washington fundamentally shifts its Middle East strategy.


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