From the Bank of Canada's steady hand to a surge in housing starts and Ottawa's new financial crime-fighting agency — here are the five money stories every Canadian should have on their radar this morning. 1 Bank of Canada Rate Holds at 2.25% — Next Decision June 10 The Bank of Canada kept its overnight rate at 2.25% on April 29 and has signalled it intends to stay put for now. Governing Council is keeping a close eye on Middle East conflict spillover into energy prices, ongoing U.S. tariff uncertainty, and whether inflation — currently hovering just above the 2% target — becomes entrenched. Bond markets are currently pricing in roughly an 18% chance of a 25-basis-point cut by the July 15 announcement, making a move at the June 10 meeting unlikely. 💡 What it means for you: Variable-rate mortgage and HELOC holders can exhale — no surprise hikes on the horizon. But don't expect big rate relief either; the "lower-for-longer" window appears to be closing. 2 Mortgage...
Gingerbread Cookies
Ingredients:
- 3 cups all-purpose flour
- 3/4 cup brown sugar
- 1/2 cup unsalted butter, softened
- 1/2 cup molasses
- 1 egg
- 1 teaspoon baking soda
- 1 teaspoon ground cinnamon
- 1 teaspoon ground ginger
- 1/2 teaspoon ground cloves
- 1/4 teaspoon salt
Instructions:
1. Mix Dry Ingredients: In a medium bowl, whisk together the flour, baking soda, cinnamon, ginger, cloves, and salt.
2. Cream Butter and Sugar: In a large bowl, beat the butter and brown sugar until light and fluffy. Then, add in the egg and molasses and mix well.
3. Combine: Gradually add the dry ingredients to the butter mixture, blending well after each addition.
4. Chill: Divide the dough in half, flatten into disks, wrap in plastic wrap, and refrigerate for at least 2 hours.
5. Roll and Cut: Preheat your oven to 350°F (175°C). Roll out the dough on a lightly floured surface to about 1/4 inch thickness. Cut into shapes using cookie cutters.
6. Bake: Place the cookies on a parchment-lined baking sheet. Bake for 8-10 minutes or until the edges are firm. Let them cool on the baking sheet for a few minutes before transferring to a wire rack to cool completely.
7. Decorate: Once cooled, you can decorate the cookies with icing and sprinkles as desired.
I hope you have fun baking these!
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