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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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Disney Faces Backlash Over Jimmy Kimmel Suspension as Writers Rally for Free Speech

 

Disney-owned ABC’s decision to indefinitely suspend Jimmy Kimmel Live! has ignited a wave of protests from writers, performers, and free-speech advocates. The move followed Kimmel’s on-air remarks about the assassination of conservative activist Charlie Kirk, which drew sharp criticism from President Donald Trump and FCC Chairman Brendan Carr.

Dozens of Writers Guild of America members gathered outside Disney offices in New York and Los Angeles, holding signs reading “Don’t Bend a Knee to Trump” and “Douse the Mouse.” Protesters accused Disney of capitulating to political pressure and undermining First Amendment protections.

The controversy has also sparked online calls to boycott Disney and ABC, with high-profile figures urging talent to halt work until Kimmel is reinstated. While Disney has not commented on the show’s future, the suspension has placed the entertainment giant at the center of a heated national debate over corporate responsibility, government influence, and the limits of political satire.


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