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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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Tragedy in Fes: Building Collapse Claims 19 Lives

Emergency personnel search for victims in the rubble of two collapsed buildings in the Al Massira area of Fes late on December 9, 2025.  


At least 19 people were killed and 16 others injured after two residential buildings collapsed in Morocco’s historic city of Fes on Wednesday.

The four-storey structures, located in the Al-Mustaqbal neighborhood, were home to eight families. Local reports indicated that children were among the victims, intensifying national grief. Rescue teams and civil protection units rushed to the scene, while videos shared online showed frantic efforts to pull survivors from the rubble.

The injured were transported to the University Hospital Centre in Fes for treatment. Authorities evacuated the surrounding area as search operations continued, though the cause of the collapse remains unclear.

This disaster has renewed concerns over unsafe housing and ageing infrastructure in Moroccan cities. Fes has witnessed similar tragedies before, including a fatal collapse in 2024 that killed five people. The incident comes just weeks before Morocco is set to host the Africa Cup of Nations (AFCON), with Fes among the tournament’s venues.

Officials have launched an investigation, while residents mourn the loss of families caught in the collapse. The tragedy underscores the urgent need for stronger housing safety measures in Morocco’s urban centers.

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