Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Crispy Honey Nut Granola Bars

 

Crispy and not too sweet, these granola bars are loaded with oats, nuts, coconut, and dried fruit.

Ingredients:

  • Old Fashioned Rolled Oats
  • Chopped Walnuts
  • Sliced Almonds
  • Shredded Unsweetened Coconut
  • Honey
  • Light Brown Sugar
  • Unsalted Butter
  • Vanilla Extract
  • Crisp Rice Cereal
  • Dried Fruit

Instructions:

  1. Toast the oats, walnuts, and almonds on a foil-lined baking sheet in the oven for 7 minutes.
  2. Add the shredded coconut to the mix and toast for another 4-5 minutes.
  3. In a saucepan, combine honey, brown sugar, butter, vanilla extract, and salt. Bring to a rapid boil then turn off the heat.
  4. Mix the oat mixture with the honey mixture, rice cereal, and dried fruit in a large bowl.
  5. Spread the mixture into a foil-lined baking dish, pressing it into an even layer.
  6. Bake at 300°F until lightly golden, about 20-23 minutes.
  7. Cool completely, then cut into rectangles.


Labels:

Comments

Post a Comment