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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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A Transfer Too Fast? Inside the Ryan Wedding Handover

Canadian fugitive Ryan Wedding, a former Olympic snowboarder turned alleged drug kingpin, is escorted from a plane by FBI agents in Ontario, Calif., on Friday. Wedding surrendered himself at the U.S. Embassy in Mexico City Thursday night.

The rapid transfer of Ryan Wedding from Mexican custody to the United States has ignited debate among legal analysts and cross‑border policy experts. Wedding, a former Olympic snowboarder who later became a high‑profile criminal suspect, was moved from Mexico City to California in a process that unfolded far more quickly than typical extradition timelines.

Observers noted that the handover appeared to bypass the lengthy legal steps usually required when transferring a detainee between the two countries. The speed of the operation has led to speculation about whether informal negotiations or exceptional cooperation played a role behind the scenes.

Officials in both nations have emphasized that the transfer was lawful and coordinated, pointing to longstanding charges against Wedding related to drug trafficking and violent crime. Still, the abrupt nature of the move has raised questions about transparency, due process, and what this case might signal for future U.S.–Mexico law‑enforcement collaboration.


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