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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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A Voice Silenced, A Call Renewed: Ukraine Mourns Journalist Viktoria Roshchyna

 

People attend the funeral ceremony for Ukrainian journalist Viktoria Roshchyna, who died in Russian captivity, at St. Michael's Golden-Domed Cathedral in Kyiv.


Ukraine bid farewell to journalist Viktoria Roshchyna on Friday, laying her to rest in Kyiv after she died in Russian captivity following a year-long detention. The 27-year-old reporter had gone missing in August 2023 while covering events in Russian-occupied eastern Ukraine. Her body was returned to Ukraine earlier this year, bearing signs of possible torture, though the exact cause of death remains undetermined.

Hundreds gathered in central Kyiv to honor Roshchyna’s courage and dedication. Her frontline reporting had offered rare insights into life under occupation, making her a symbol of journalistic bravery. Colleagues and human rights advocates used the solemn occasion to urge international pressure on Moscow to release at least 30 other Ukrainian journalists still held in Russian detention.

Roshchyna’s death has sparked renewed calls for accountability and protection of journalists in conflict zones. Ukrainian prosecutors have charged Russian officials in absentia for her torture and death, citing violations of international law.

Her legacy now fuels a broader movement—not just to mourn, but to demand justice and safeguard the truth-tellers still at risk.

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