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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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Toronto Digs Out: A City Slowed but Not Stopped by Record Snowfall

A person rides an electric scooter though downtown Toronto as a winter storm moves through the region, Sunday, Jan. 25, 2026.


A powerful winter storm buried the Greater Toronto Area under towering drifts overnight, forcing widespread school closures and creating major travel disruptions across the region. Plows worked around the clock to clear key routes, but many neighbourhood streets remained difficult to navigate as residents woke to what some described as “the biggest snowfall in years.”

School boards in Toronto, Peel, York, and Durham announced closures early in the morning, citing unsafe road conditions and limited bus service. Many parents scrambled to adjust their schedules, while students embraced an unexpected day off.

Commuters faced equally tough conditions. Highways moved at a crawl, with visibility reduced by blowing snow and lanes narrowed by deep accumulation. Public transit saw delays as buses struggled through unplowed streets and some GO Transit routes operated on modified schedules.

City crews emphasized that cleanup efforts would take time, given the sheer volume of snow. Residents were urged to stay home if possible and give plows room to work.

Despite the challenges, the storm also brought moments of community spirit. Neighbours helped dig out cars, kids built towering snow forts, and the city—though slowed—showed its familiar resilience in the face of winter’s toughest punch.


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