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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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Iran's Supreme Leader Warns Israel of Harsh Consequences

 

In a recent statement, Iran's Supreme Leader Ayatollah Ali Khamenei warned Israel of severe repercussions. Khamenei declared that Israel's actions had laid the foundation for what he described as "harsh punishment for itself." This strong rhetoric comes amid heightened tensions between Iran and Israel, particularly concerning regional security and the ongoing conflict in the Middle East.

Khamenei's remarks reflect Iran's longstanding opposition to Israel and its policies. The Supreme Leader's statement underscores the volatile nature of the relationship between the two nations, which has seen numerous escalations over the years. The context of this latest warning is critical as both countries continue to influence the geopolitical landscape of the region.

The international community is closely monitoring these developments, with many concerned about the potential for further escalation. Diplomatic efforts to ease tensions have been ongoing, but statements like Khamenei's highlight the persistent challenges to achieving lasting peace and stability in the Middle East.


As the situation unfolds, the world watches with apprehension, aware that the actions and responses of these two nations could have far-reaching implications for regional and global security.

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