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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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Trump Tees Off in Scotland Amid Renewed Epstein Scrutiny

 

Former President Donald Trump was spotted golfing at his resort in Scotland this week, drawing attention not only for his swing but for the lingering questions surrounding his past ties to Jeffrey Epstein.

Trump’s visit to his Turnberry golf course comes as investigations and public interest in Epstein’s network continue to intensify. Though Trump has denied any wrongdoing and distanced himself from Epstein following the financier’s arrest and subsequent death, critics and commentators have reignited calls for transparency regarding their past interactions.

The timing of Trump’s leisure trip has raised eyebrows among political observers, who note that the former president often uses high-profile appearances to project confidence amid controversy. While Trump has not addressed the Epstein matter during his Scotland stay, the optics of golfing while questions mount have fueled debate online.

As legal proceedings and document releases related to Epstein’s associates unfold, Trump’s name remains one of many under scrutiny. Whether his Scottish getaway is a retreat from the headlines or a calculated move remains to be seen.



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