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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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Pentagon Under Scrutiny After Video Reveals Second Strike on Shipwrecked Suspects

File photo: A US military strike on a Venezuelan drug cartel vessel that had been on its way to the United States according to President Trump.

The Pentagon is facing mounting legal and ethical questions after newly surfaced footage appeared to show U.S. forces conducting a second strike on suspected drug traffickers who had already been shipwrecked.

The video, which has circulated widely online, depicts an initial strike against a vessel allegedly carrying narcotics, followed by a subsequent attack on survivors stranded in the water. Legal experts argue that the second strike could violate international humanitarian law, which prohibits targeting individuals who are hors de combat—those incapacitated or no longer posing a threat.

Human rights advocates have called for a transparent investigation, stressing that the footage raises serious concerns about rules of engagement and accountability in U.S. military operations. The Pentagon has not yet issued a detailed statement but confirmed that the incident is under review.

The controversy underscores broader debates about the use of force in counter-narcotics missions and the balance between national security objectives and adherence to international law.


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