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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's Humanitarian Gambit: U.S. Steps In as Israel Eyes Gaza Takeover

 

                                             Palestinians rush to collect aid in the Gaza Strip on Tuesday   


As the humanitarian crisis in Gaza worsens, President Donald Trump is intensifying U.S. efforts to deliver aid, even as Israel considers a full military occupation of the enclave. Trump has refrained from endorsing Israel’s potential takeover, instead emphasizing food distribution and humanitarian relief. “I know that we are there now trying to get people fed. As far as the rest of it, I really can’t say. That’s going to be pretty much up to Israel,” he told reporters.

Behind the scenes, Trump and his Middle East envoy, Steve Witkoff, are reportedly planning for the U.S. to “take over” the management of aid operations, citing Israel’s inadequate response to the growing starvation crisis. Trump’s administration is coordinating with Arab states and pressing European allies to contribute financially, aiming to avoid unilateral U.S. involvement.

Meanwhile, Israeli Prime Minister Benjamin Netanyahu is pushing for a complete military occupation of Gaza, a move that has sparked international alarm. The U.N. warns such action could endanger hostages and derail prospects for a future Palestinian state.

With over 60,000 reported deaths and widespread famine, Gaza remains a flashpoint of geopolitical tension and humanitarian urgency. The coming weeks may determine whether diplomacy and aid prevail—or if military escalation takes center stage.


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