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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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Israeli Reservist Dismissed After Running Over Praying Palestinian in West Bank

An armed settler is seen running over a Palestinian who was praying by the roadside in Ramallah, in the occupied West Bank.


An Israeli reservist soldier has been removed from duty after driving his vehicle into a Palestinian man who was praying on the roadside in the occupied West Bank. Video of the incident shows the reservist steering an ATV directly toward the kneeling man near the village of Deir Jarir, north of Ramallah.

According to the Israeli military, the reservist had also fired shots in the area shortly before the collision. Officials described his actions as a serious breach of conduct, noting that his weapon was confiscated and his reserve service immediately terminated.

The event has intensified concerns about rising violence involving settlers and reservists in the West Bank, where tensions have been steadily escalating. Palestinian groups condemned the attack as part of a broader pattern of assaults on civilians, while Israeli authorities said a formal investigation is underway.

The condition of the injured man has not yet been publicly released.


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