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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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China Opens Its Doors to Canadian Travelers

                                         Canadian Prime Minister Mark Carney and Chinese President Xi Jinping


China has announced that Canadian tourists and business visitors will no longer need a visa to enter the country, marking a notable shift in the relationship between the two nations. Under the new policy, Canadians holding ordinary passports can visit China for up to 30 days without applying for a visa, whether for tourism, business, family visits, or transit.

The decision is expected to streamline travel, reduce costs, and encourage more frequent exchanges between the two countries. Travel industry groups in Canada have already noted rising interest from travelers eager to take advantage of the simplified entry process.

This move signals a warming of diplomatic ties and opens the door to increased cultural and economic engagement between Canada and China.

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