Skip to main content

Featured

BoC Held Again at 2.25% — But a Rate Hike Is Now More Likely Than Not Before Year-End

  Bond markets put the odds of an October 28 hike at 57%. Here's what the big banks are forecasting, what it means for your mortgage payment, and how to think about your next move. MoneySavings.ca · September 17, 2026 The Bank of Canada kept its overnight rate at 2.25% on September 2 — the seventh consecutive hold since the last cut in October 2025. On the surface, nothing changed. Below the surface, everything did. Governor Tiff Macklem's post-decision language was the most hawkish the Bank has sounded in over a year. He flagged that persistently high oil prices (Brent has since touched $107) and new U.S. tariffs — combined with Canada's own $27.6 billion retaliation list — are creating genuine upside risks to inflation. The BoC's August deliberations summary, released September 16, confirmed the Governing Council is now actively weighing a hike, not just a hold. The August CPI reading that came in on September 14 didn't settle anything: headline inflation held at ...
Post a Comment
Read more

article

Labels

St. Patrick’s Day: History, Celebrations, and Fun Facts


 St. Patrick’s Day, celebrated annually on March 17, holds a rich history that intertwines religion, culture, and legend. Let’s delve into the fascinating origins of this festive day:

  1. Who Was St. Patrick?

    • Saint Patrick, born in Roman Britain during the fifth century, is the patron saint of Ireland and its national apostle.
    • At the age of 16, he was kidnapped and brought to Ireland as a slave. After escaping, he returned to Ireland and is credited with bringing Christianity to its people.
    • One of the most well-known legends associated with St. Patrick is that he used the three leaves of a native Irish clover, the shamrock, to explain the Holy Trinity (Father, Son, and Holy Spirit).

  2. Early Observance in Ireland:

    • For over 1,000 years, the Irish have observed St. Patrick’s Day as a religious holiday.
    • During the Christian season of Lent, Irish families traditionally attended church in the morning and celebrated in the afternoon.
    • Lenten prohibitions against meat consumption were waived, allowing people to dance, drink, and feast on the traditional meal of Irish bacon and cabbage.

  3. First St. Patrick’s Day Parade:

    • Surprisingly, the first St. Patrick’s Day parade did not take place in Ireland but in America.
    • Records show that a parade was held on March 17, 1601, in a Spanish colony in what is now St. Augustine, Florida.
    • Homesick Irish soldiers serving in the English military marched in New York City on March 17, 1772, to honor the Irish patron saint.
    • Enthusiasm for St. Patrick’s Day parades in New York City, Boston, and other American cities continued to grow.

  4. Growth of Celebrations:

    • Irish patriotism among American immigrants flourished, leading to the rise of “Irish Aid” societies.
    • These societies held annual parades featuring bagpipes and drums.
    • In 1848, several New York Irish Aid societies united their parades to form the world’s oldest civilian parade: the New York City St. Patrick’s Day Parade, which remains the largest in the United States with over 150,000 participants.

So, as we celebrate St. Patrick’s Day, let’s raise a glass to the enduring legacy of this beloved holiday! 

Labels:

Comments

Post a Comment