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Your daily horoscope: May 9, 2025

  IF TODAY IS YOUR BIRTHDAY A change of direction is a must this year as you have reached the end of your current journey and need a new challenge. Make a break with the past and make it one that cannot be reversed. Move forward fast and don’t look back. ARIES (March 21 - April 20): Someone you meet on your travels will catch your eye and maybe your heart as well. If it’s true that opposites attract you could find yourself getting close to someone whose charms are very different to your own – and remarkably the relationship will work. TAURUS (April 21 - May 21): Someone you think of as a friend will say something today that annoys you intensely. It may be the case though that they can see things that you cannot, so be open to what they tell you. They could be doing you a very big favor. GEMINI (May 22 - June 21): If you listen too much to other people’s advice today you could end up facing in several directions at once and ultimately getting nowhere. Pay attention to what friends a...
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Bank of Canada Lowers Interest Rate Amid Trade War Uncertainty

The Bank of Canada has announced a 0.25% reduction in its key interest rate, bringing it down to 2.75%. This marks the second rate cut of the year, as the central bank aims to address the economic challenges posed by an escalating trade war with the United States.

Despite entering 2025 with strong GDP growth and inflation near the 2% target, the Canadian economy is now facing significant uncertainty. The trade conflict, characterized by fluctuating tariffs and strained relations, has dampened consumer confidence and business investment. In response, the Bank of Canada has opted for a more accommodative monetary policy to support economic activity.

The rate cut is expected to provide some relief to Canadian households and businesses, particularly those with variable-rate loans and mortgages. However, experts caution that prolonged trade tensions could lead to further economic strain, potentially necessitating additional rate adjustments in the future.

The Bank of Canada will continue to monitor the evolving situation and provide updates in its upcoming monetary policy report. For now, the focus remains on stabilizing the economy amidst the turbulence of international trade disputes.

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