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Your daily horoscope: December 1, 2025

  IF TODAY IS YOUR BIRTHDAY The breakthrough you have been dreaming of and hoping for is on the horizon and if you are ready to take advantage of it there will be no stopping you this year. You were born to be someone very special, so live up to your cosmic billing. ARIES (March 21 - April 20): You may have been acting a little bit crazy lately but there is a method to your madness. You figure if you can keep your rivals off-balance they will be less likely to oppose you. A little fear can be made to go a long way. TAURUS (April 21 - May 21): Resist the urge to take chances with your money. The approaching full moon could make you a bit reckless over the next few days, so resolve right now to keep your cash in your pocket. You don’t need another shiny toy to add to your collection. GEMINI (May 22 - June 21): You won’t always be thinking logically between now and Thursday’s full moon, so whenever there is an important decision to be made get some input from people you trust. They ma...
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Bank of Canada Cuts Rate by Quarter Point Amid Tariff Uncertainty

The Bank of Canada announced a quarter-point reduction in its key interest rate on Wednesday, bringing it down to 3%. This marks the sixth consecutive rate cut since June 2024. The central bank cited stabilized inflation and a strengthening economy as reasons for the cut. However, it also highlighted the looming threat of U.S. tariffs as a significant source of uncertainty.

Governor Tiff Macklem emphasized that while the economy is showing signs of improvement, the potential for broad-based tariffs could pose a major challenge. The Bank of Canada revised its GDP growth forecast downward to 1.8% for 2025 and 2026, factoring in lower population growth and increased policy uncertainty.

The central bank presented several scenarios in which tariffs could impact the economy, projecting a potential reduction in GDP by 2.4% in the first year if tariffs are imposed. Macklem stated that the bank would closely monitor developments and assess the implications for economic activity and monetary policy.

The decision to cut rates comes as the U.S. threatens to impose 25% tariffs on Canadian goods. The Bank of Canada warned that such tariffs could lead to a recession in Canada, but it also indicated that it might refrain from further monetary policy support to avoid reigniting inflation.

The central bank's cautious approach reflects the delicate balance it must maintain in the face of economic uncertainties and the potential for a trade war with the U.S.




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