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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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Carney Treads Carefully on Trump’s ‘Board of Peace’ as Ottawa Rejects $1‑Billion Fee

                                      Carney leaves door open to paying fee to join Trump’s Gaza 'Board of Peace'

Prime Minister Mark Carney is approaching U.S. President Donald Trump’s invitation to join a proposed “Board of Peace” with measured caution, signalling that Canada is open to participating but not without clearer details on how the body would function.

Carney has emphasized that Canada supports efforts aimed at stabilizing Gaza, yet he wants assurances about governance, accountability, and how any financial contributions would be used. He noted that Canada’s involvement must align with its long‑standing humanitarian principles and deliver tangible benefits to civilians on the ground.

Foreign Affairs Minister François‑Philippe Champagne has taken a firmer line, ruling out the idea of paying a $1‑billion membership fee reportedly tied to participation. Champagne stressed that Canada will not commit to such a sum without transparency and a clear demonstration of impact.

The contrasting tones from Carney and Champagne reflect a broader international hesitation surrounding the initiative, which has raised questions about cost, oversight, and geopolitical implications. For now, Canada remains engaged in discussions — but on its own terms.


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