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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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Freeland Joins Zelenskyy’s Team as Economic Adviser

Former federal minister Chrystia Freeland was appointed Monday as an economic adviser by Ukrainian President Volodymyr Zelenskyy.

Ukrainian President Volodymyr Zelenskyy has appointed former Canadian deputy prime minister Chrystia Freeland as an economic adviser, strengthening Ukraine’s efforts to stabilize and rebuild its economy during the ongoing conflict with Russia.

Freeland, who has held senior roles including Canada’s finance minister and foreign affairs minister, has long been a prominent supporter of Ukraine and has deep personal ties to the country. Her new role will focus on economic development, investment attraction, and long‑term reconstruction planning.

Zelenskyy highlighted the importance of bolstering Ukraine’s economic resilience, noting that the country must be prepared both for rapid recovery if diplomatic progress accelerates and for sustained endurance should the war continue. Freeland has previously emphasized Ukraine’s potential to become a major economic force by pursuing reforms and leveraging international partnerships.

Her appointment signals a continued push to strengthen Ukraine’s financial strategy as it navigates one of the most challenging periods in its modern history.


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