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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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Royal Shockwave: Former Prince Andrew Arrested Amid Epstein-Linked Misconduct Probe

 

Britain's Andrew Mountbatten-Windsor, formerly known as Prince Andrew, looks round as he leaves after attending the Easter Matins Service at St. George's Chapel, Windsor Castle, England, April 20, 2025.                                    

Andrew Mountbatten-Windsor, formerly Prince Andrew, was arrested on Thursday on suspicion of misconduct in public office following renewed scrutiny of his ties to the late financier and convicted sex offender Jeffrey Epstein. The arrest, carried out by Thames Valley Police at the Sandringham estate, marks an unprecedented moment in modern British royal history.

Authorities are investigating allegations that Andrew may have shared confidential information with Epstein during his tenure as the UK's trade envoy. The arrest coincided with his 66th birthday and followed the release of extensive files related to Epstein, intensifying public and political pressure. 

King Charles expressed “deepest concern” and emphasized that “the law must take its course,” underscoring the seriousness with which the monarchy is treating the situation. Police have also conducted searches at multiple properties linked to Andrew as part of the ongoing investigation.

The case continues to unfold, with UK officials reiterating that no individual—royal or otherwise—is above the law. 

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