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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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Israel’s Demolition of UNRWA Buildings Sparks New Diplomatic Rift

 

                            Israeli forces dismantle UNWRA’s Jerusalem headquarters in East Jerusalem.


A new wave of tension has emerged in East Jerusalem after Israeli authorities demolished several buildings inside the compound of the United Nations Relief and Works Agency for Palestine Refugees (UNRWA). The operation, carried out with heavy security, targeted structures used by UNRWA staff and support services.

UNRWA officials denounced the demolition as a violation of international norms protecting UN facilities, saying their personnel were removed from the site before bulldozers moved in. The agency warned that the incident undermines the safety of humanitarian workers and sets a troubling precedent for international organizations operating in conflict zones.

Israel has long accused UNRWA of misconduct and has sought to curtail its activities, particularly in Jerusalem. The latest demolition is widely viewed as part of a broader effort to limit the agency’s presence in the city.

The move has drawn swift criticism from diplomats and humanitarian groups, who argue that escalating pressure on UNRWA will further destabilize an already fragile environment. As political fallout grows, the future of the agency’s operations in Jerusalem remains uncertain.


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