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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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Netanyahu Pushes for Hamas Expulsion Amid UN-Backed Gaza Plan

                                             Israeli Prime Minister Benjamin Netanyahu


Israeli Prime Minister Benjamin Netanyahu has called for the expulsion of Hamas from the region, just one day after the United Nations Security Council endorsed a U.S.-backed plan aimed at stabilizing Gaza. The plan controversially offers amnesty and safe passage to Hamas members who commit to peace, a provision that Netanyahu’s latest remarks appear to reject.

Netanyahu had previously expressed support for the framework during a visit to the White House in September, but his new statements highlight a growing rift between Jerusalem and Washington over how to resolve the conflict. While the U.S. proposal envisions a transitional authority and international stabilization force to oversee Gaza’s recovery, Netanyahu insists that Hamas must be completely removed to ensure long-term security.

Diplomats note that entrenched positions on both sides have made progress difficult. Hamas has already voiced opposition to several elements of the plan, while Israel’s demand for full demilitarization and disarmament clashes with the amnesty provisions. Despite these tensions, the UN resolution has received broad international support, with most member states backing the initiative as a step toward peace.

Netanyahu’s call for expulsion underscores Israel’s hardline stance and raises questions about the feasibility of implementing the UN-backed plan. Observers suggest that the divergence between U.S. and Israeli priorities could complicate efforts to stabilize Gaza, leaving the future of the region uncertain.


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