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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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Your daily horoscope: December 20

 


HOROSCOPES IF TODAY IS YOUR BIRTHDAY

With Venus and Jupiter connected on your birthday you will not only get all the love and affection you need but will give it back ten times over when you get the chance, and that chance will come often. A good year could turn into a great one.

ARIES (March 21 - April 20):

Get together with friends and colleagues who share your positive outlook on life. You don’t have to plan anything special, just by being in each other’s company you will spark the kind of spontaneous fun and games that you all enjoy.

TAURUS (April 21 - May 21):

Do whatever it takes to get along with your employers today, because the happier they are with your attitude and performance the more likely it is you will be moving up the ladder of success very soon. You can never have too many friends in high places.

GEMINI (May 22 - June 21):

The more adventurous you are today the more fun you will have, both on your own and alongside people who share your thrill-seeking needs. Also, if you are looking for love you will most likely find it in places others don’t think to look.

CANCER (June 22 - July 23):

Your kindness knows no bounds but you must not let other people take advantage of that fact. The message of the stars today is that you need to be aware of what is going on around you and who is most likely to profit from your generous nature.

LEO (July 24 - Aug. 23):

With love planet Venus linked to Jupiter it is no exaggeration to say that love is in the air – and just about any other area you care to look for it. If someone catches your eye today don’t look away. Let them see they attract you too.

VIRGO (Aug. 24 - Sept. 23):

By all means assist someone in need today but once you have helped them make sure they then find ways to help themselves. If you do too much for them now they will expect it of you for ever and a day. Try some tough love.

LIBRA (Sept. 24 - Oct. 23):

Venus, your ruler, is nicely linked to Jupiter, planet of good fortune today, so don’t hesitate to reach out to the people you love, because they will appreciate it and will return your affection. The only tears likely to be shed are tears of joy.

SCORPIO (Oct. 24 - Nov. 22):

It is possible that you will begin a new relationship today or over the weekend but more likely by far is that an existing relationship will become both more loving and stable. You tend to keep the passionate side of your nature well hidden, but not now!

SAGITTARIUS (Nov. 23 - Dec. 21):

Be as sociable as you can be today – go where you please, do as you please and get together with the kind of people you feel most in tune with. Together you will banish boredom and find news ways to enjoy the best that life has to offer.


CAPRICORN (Dec. 22 - Jan. 20):

You will be in the mood to treat yourself today and why not? After all the hard work you’ve done in recent months few would deny that you deserve a thrill or two and those who do deny it are the sort who can be safely ignored.

AQUARIUS (Jan. 21 - Feb. 19):

Don’t sit around waiting for the good things in life to come your way, get out there and seize them for yourself. Venus in your sign will point you in the direction where you can have the most fun and after that it is up to you.

PISCES (Feb. 20 - Mar. 20):

If you want to be alone today that’s perfectly okay, but the planets indicate if you make even a small effort to interact with the world around you the pleasure you get from everyday connections will be immense. Think what a big effort might do!

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