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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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Holiday Ginger Cookies Recipe

 

Ingredients:

- 2 1/4 cups all-purpose flour

- 2 tsp ground ginger

- 1 tsp baking soda

- 1 tsp ground cinnamon

- 1/2 tsp ground cloves

- 1/4 tsp salt

- 3/4 cup unsalted butter, softened

- 1 cup granulated sugar

- 1 large egg

- 1 tbsp water

- 1/4 cup molasses

- 1/4 cup additional granulated sugar for rolling


Instructions:


1. Preheat Oven: Preheat your oven to 350°F (175°C). Line baking sheets with parchment paper.

2. Combine Dry Ingredients: In a medium bowl, whisk together the flour, ginger, baking soda, cinnamon, cloves, and salt.

3. Cream Butter and Sugar: In a large bowl, using an electric mixer, beat the butter and 1 cup of sugar until light and fluffy. Add the egg, water, and molasses, and beat until well combined.

4. Mix Ingredients: Gradually add the dry ingredients to the wet ingredients, mixing until just combined.

5. Form Dough Balls: Roll the dough into small balls, about 1 inch in diameter. Roll each ball in the additional granulated sugar to coat.

6. Bake: Place the dough balls on the prepared baking sheets, about 2 inches apart. Flatten each ball slightly with the bottom of a glass. Bake for 8-10 minutes, or until the edges are set and the tops are crackled.

7. Cool:  Allow the cookies to cool on the baking sheet for 5 minutes before transferring them to a wire rack to cool completely.

8. Enjoy: These ginger cookies are perfect for sharing with family and friends, or just for enjoying with a cozy cup of tea or coffee. 



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