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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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Trump Signs Bill to End Record-Breaking U.S. Government Shutdown

President Trump signed a funding bill to end the longest shutdown in U.S. history shortly after the House of Representatives passed the spending package in a 222-209 vote.

After 35 days of partial closure, the longest government shutdown in U.S. history officially came to an end when President Donald Trump signed a bipartisan bill to reopen federal agencies. The measure restores funding through February 15, giving lawmakers time to negotiate broader border security issues that had been at the center of the standoff.

The shutdown, which began in late December, left hundreds of thousands of federal workers furloughed or working without pay, sparking widespread economic and social disruption. Airports faced staffing shortages, national parks struggled to maintain services, and families across the country felt the strain of missed paychecks.

By signing the bill, Trump acknowledged the toll the shutdown had taken, while emphasizing that negotiations over border security would continue. Congressional leaders hailed the agreement as a necessary step to restore stability, though debates over long-term funding priorities remain unresolved.


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