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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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AtkinsRéalis to Divest Stake in Highway 407 ETR Toll Road

 

AtkinsRéalis Group Inc., formerly known as SNC-Lavalin, has announced its intention to sell its 6.76% stake in 407 International Inc., the company that owns the Highway 407 ETR toll highway north of Toronto. This strategic move is part of AtkinsRéalis’ focus on its engineering services and nuclear businesses. The other major stakeholders in the toll highway are the Canada Pension Plan Investment Board (with a 50.01% stake) and Cintra Global S.E. (a wholly owned subsidiary of Ferrovial S.A., holding 43.23%).

AtkinsRéalis aims to pursue margin expansion and growth, including investments in rapidly growing markets. These initiatives involve engineering services across the U.S., leveraging their nuclear expertise, and exploring accretive mergers and acquisitions.


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