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Why Interest Rates Matter for Canadians

Interest rates are the single most powerful lever in Canada's economy.  When the Bank of Canada adjusts its policy rate, the effects reach every household—from the cost of carrying a mortgage to the return on a savings account. With rates currently at 2.25% and significant uncertainty ahead, understanding how rates work has never been more important for your finances. What Is the Bank of Canada's Policy Rate? The Bank of Canada sets the overnight policy rate—the interest rate at which major banks lend money to each other. This rate serves as a benchmark that influences borrowing and lending costs across the entire economy. When the Bank raises or lowers this rate, commercial banks adjust their prime rates accordingly, which directly affects the rates you pay on mortgages, lines of credit, and other loans. The Bank's primary goal is to keep inflation near its 2% target. When inflation runs too hot, the Bank raises rates to cool spending. When the economy slows, it cuts rates...
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Riddles and Answers


                                      

Riddles are a great way to challenge your mind and have some fun. They can also help you improve your vocabulary, logic and creativity. Here are some good riddles for the day that you can try to solve. Don't worry, the answers are provided at the end of the post.

 
Riddles:  

1.  I have a face, two hands, and a tail, but no arms, legs or head. I can tell you the time, but I don't know it myself. What am I?

2.  What invention lets you look right through a wall?


3.  What is always running but never moves, has no mouth but can speak, has no head but can weep?


4.  I have a name that's not mine, and no one cares about me in their prime. People cry at my sight, and lie by me all day and night. What am I?


5.  What is so fragile that saying its name breaks it?


Answers:

1. A clock.

2. A window.

3. A river.

4. A tombstone.

5. Silence.


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