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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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Midweek Ice Threat Looms as Dense Fog Settles Over the Region

Periods of fog are expected Tuesday morning for Waterloo region and Guelph, with near-zero visibility reported in some areas. Environment Canada said visibility may suddenly drop at times before improving later in the morning.

A murky start to Tuesday is setting the tone for what could become a disruptive stretch of midweek weather. Dense fog has settled across the region this morning, reducing visibility and slowing the commute. While the fog will gradually lift through the day, it’s only the opening act for a more serious hazard on the horizon.

Forecasters are warning that a significant freezing rain event is expected to develop on Wednesday. As a surge of warm, moist air rides over subfreezing surface temperatures, conditions will become ideal for ice accumulation. Even a thin glaze can turn roads, sidewalks, and untreated surfaces dangerously slick, and heavier icing could lead to tree damage and power outages.

Residents are encouraged to monitor updated forecasts, prepare for potentially hazardous travel, and plan ahead for possible disruptions. With fog today and freezing rain tomorrow, the week is shaping up to be a challenging one for anyone on the move.


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