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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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Five Healthy Eating Tips for the Holidays





Here are 5 healthy eating tips to keep in mind during the holiday season:

  1. Plan ahead: Before attending a holiday party, eat a healthy snack to avoid overeating. If you’re hosting, consider offering healthier options such as fruit or vegetable platters.

  2. Portion control: Enjoy your favorite holiday foods in moderation. Use a smaller plate to help control portion sizes and avoid going back for seconds.

  3. Stay hydrated: Drinking water can help you feel full and prevent overeating. Try to drink at least 8 cups of water per day.

  4. Get moving: Exercise can help reduce stress and burn off extra calories. Consider taking a walk after a holiday meal or participating in a fun winter activity like ice skating.

  5. Be mindful: Pay attention to your body’s hunger and fullness cues. Eat slowly and savor each bite. Remember that the holidays are about spending time with loved ones, not just food.


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