Skip to main content

Featured

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-...
Post a Comment
Read more

article

Labels

New Era of U.S. Tax Policy Brings Permanent Cuts for Households and Businesses

                                   People walk on Fifth Avenue in New York City, U.S., August 7, 2025.

The United States is entering a sweeping new phase of tax policy as a major federal overhaul takes effect, delivering permanent tax cuts for both households and businesses. Economists expect these changes to play a significant role in shaping economic activity in the years ahead.

Boost for Households

The overhaul introduces a range of individual tax reductions designed to increase take‑home pay and expand disposable income. Adjusted withholding levels and larger refunds are expected to give many Americans a noticeable financial lift early in the year. The law also removes federal income tax on tipped wages, a change projected to benefit millions of workers across service industries.

Business Incentives and Investment

Businesses are also set to gain from permanent rate reductions and expanded incentives. Updated depreciation rules, small‑business stock provisions, and opportunity‑zone enhancements aim to stimulate investment and support long‑term growth. Analysts suggest these measures could strengthen corporate balance sheets and encourage expansion across multiple sectors.

Economic Outlook

Many economists view the tax cuts as a key driver of the U.S. economic forecast, with expectations of increased consumer spending and business activity as the new rules take hold. While debate continues over the long‑term fiscal impact, the immediate effect is clear: the tax landscape for American households and companies has been fundamentally reshaped.

Labels:

Comments

Post a Comment