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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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9 Must-Know Long-Haul Travel Tips If You’re Flying Internationally

 


Here are some tips for international flyers to make their long-haul travel more comfortable:

1. Dress comfortably: Long-haul flights can be exhausting, so it’s important to dress appropriately. Wear clothes that are cozy, comfy, and breathable, and bring layers so you can adapt to fluctuating cabin temperatures when you’re on board. Consider pulling on your favorite sweater, fluffiest socks, and loosest trousers to keep you comfortable and snug throughout your journey. Opt for comfy shoes to walk around the airport in. If you really want to prioritize style, consider bringing along a second outfit to change into before landing or when you arrive at your destination airport.

2. Bring your own snacks: Most long-haul flights will have some type of meal service and snack option, but it doesn’t hurt to bring some of your own if you’re going to be sitting there for hours and hours on end. Airplane meals can be a hit-or-miss, and hunger strikes at inconvenient times. Of course, you don’t get to choose when the meal service begins, so having some snacks of your own will help quell any hunger pangs if your stomach isn’t quite on the same wavelength as the scheduled meal.

3. Stay hydrated: It’s important to stay hydrated during a long flight. Drink plenty of water before boarding the plane and throughout the flight. Avoid alcohol and caffeine as they can dehydrate you.

4. Move around: Sitting in one position for too long can cause stiffness and discomfort. Get up and walk around the cabin every few hours to stretch your legs and improve circulation.

5. Entertainment: Bring a book, download movies or TV shows on your phone or tablet, or listen to music or podcasts to keep yourself entertained during the flight.

6. Sleep: Try to get some sleep during the flight so that you arrive at your destination feeling refreshed. Bring an eye mask, earplugs, and a neck pillow to help you sleep better.

7.Pack light: Avoid overpacking as it can be difficult to manage heavy luggage during a long journey. Pack only what you need and leave behind anything that’s not essential.

8. Choose the right airline: Do some research before booking your flight and choose an airline that offers good service, comfortable seats, and good food options.

9. Be prepared for jet lag: Jet lag can be a real problem when traveling across time zones. Try to adjust your sleep schedule a few days before your trip so that it’s closer to the time zone of your destination. Once you arrive at your destination, try to stay awake until it’s time for bed in the local time zone.

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