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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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Diplomatic Progress Tempered by Kremlin’s Firm Stance on Territory

President Putin welcomes Trump's special envoy Steve Witkoff, son-in-law Jared Kushner and Josh Gruenbaum, Commissioner of the U.S. Federal Acquisition Service.

Russian President Vladimir Putin’s meeting with a group of U.S. envoys has opened the door to further diplomatic engagement, but Moscow insists that any meaningful progress will hinge on resolving long‑standing territorial disputes.

The talks, described by Russian officials as direct and substantive, focused on outlining the next phase of security discussions expected to take place in Abu Dhabi. Both sides reportedly explored potential frameworks for de‑escalation and future negotiations involving Ukraine.

Despite the constructive tone, the Kremlin made clear that territorial questions remain the central barrier to a broader settlement. Russian officials reiterated that regions Moscow claims as its own must be recognized accordingly — a position Ukraine rejects outright.

Additional economic discussions are planned between Russian and U.S. representatives, signaling that 

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