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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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Trail Camera Footage May Hold Clues in Missing N.S. Children Case

As the investigation into the disappearance of six-year-old Lilly Sullivan and her four-year-old brother Jack Sullivan continues, a neighbour has provided the RCMP with days of trail camera footage that could offer new insights into the case. 

Melissa Scott, who lives near the children's home in Lansdowne Station, Nova Scotia, handed over footage spanning five days before the children were reported missing on May 2. Scott, who has seven trail cameras positioned around her property, was approached by RCMP officers on May 20 and asked to provide footage from April 27 to May 3. 

The RCMP has remained tight-lipped about the investigation, but they have confirmed that their major crime unit has been involved since the day after the disappearance. The search for the children initially covered 5.5 square kilometres of dense woods and was later expanded to specific areas around their home. 

Scott expressed relief that investigators were canvassing the area more thoroughly and reviewing trail camera footage. She also noted that other neighbours had been approached by police for similar footage. 

Authorities have not ruled out the possibility that the case is suspicious, and they continue to follow leads in hopes of finding Lilly and Jack. 



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