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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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Shrimp Orzo with Feta


  • Ingredients:

    • Orzo pasta
    • Olive oil
    • Garlic
    • Tomatoes
    • Lemon juice
    • Shrimp
    • Cilantro
    • Pepper
    • Feta cheese

  • Instructions:

    1. Cook orzo as per package directions.
    2. In a skillet, heat oil and cook garlic for 1 minute.
    3. Add tomatoes and lemon juice, bring to a boil.
    4. Add shrimp and simmer until pink (4-5 minutes).
    5. Drain orzo and mix with shrimp, cilantro, and pepper.
    6. Heat through and sprinkle with feta cheese.
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