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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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How to Watch the April 8 Total Solar Eclipse from Anywhere

 

The April 8 solar eclipse promises to be a spectacular celestial event, but what if your skies are clouded over during the event or there’s only a partial eclipse where you live? Fear not! There are still ways to witness this awe-inspiring phenomenon.

Live Stream by The Weather Network

To ensure that as many people as possible have a chance to see the total solar eclipse, The Weather Network is hosting a live stream of the event from 2 p.m. to 4 p.m. EDT on Monday. Hosted by Anwar Knight and meteorologist Kevin MacKay, the stream will feature live shots of the eclipse from locations in the path of totality throughout Canada — in Ontario, southern Quebec, and central New Brunswick. NASA will also contribute views captured from stations between northern Mexico and Maine. During the live stream, field teams will provide local commentary on this celestial alignment. You can watch this live stream on The Weather Network’s website, their TV channel, YouTube, or via their app.

Other Live Streams

In addition to The Weather Network’s stream, there are other options:

  • University of Toronto’s Dunlap Institute for Astronomy & Astrophysics: They will host their own live stream, and registration for the event is free on their website.
  • NASA: NASA’s public stream will feature live shots of the eclipse, along with expert commentary, from locations wherever the skies are clear along the path of totality. Tune in to NASA+ or visit their website for this remarkable event.

Whether you’re a seasoned skywatcher or a curious first-timer, don’t miss this chance to witness the Moon completely blocking the Sun and revealing the solar corona. Happy eclipse viewing! 

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