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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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Hezbollah Supports Ceasefire Efforts in Lebanon, Deputy Leader Says

 


In a recent statement, Hezbollah’s deputy leader, Naim Qassem, expressed the group’s support for ongoing efforts to establish a ceasefire in Lebanon. This comes after two weeks of intense Israeli airstrikes that have resulted in significant casualties and destruction.

Qassem highlighted the political efforts led by Lebanese Parliament Speaker Nabih Berri, emphasizing Hezbollah’s backing of these initiatives. He noted that while the group remains resilient and capable despite the heavy bombardment, a ceasefire is crucial for moving forward.

The deputy leader’s comments mark a significant moment in the conflict, as Hezbollah continues to engage in cross-border clashes with Israel. The group’s support for a ceasefire could pave the way for diplomatic resolutions and a reduction in hostilities.





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