Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Federal NDP Opens Leadership Contest to Replace Jagmeet Singh



The federal New Democratic Party has officially launched its leadership race, marking the start of a new chapter following Jagmeet Singh’s resignation after April’s election defeat. The contest will culminate at the party’s national convention in Winnipeg on March 29, 2026, where members will elect a new leader using a ranked ballot system.

Prospective candidates must raise $100,000, gather 500 member signatures — with strict regional and diversity requirements — and meet deadlines set for early 2026. The party says there has been “strong interest” since application packages were released in August, reflecting enthusiasm for a dynamic and inclusive race.

While no candidates have been officially confirmed, names like Edmonton MP Heather McPherson and activist Avi Lewis are expected to enter the contest. Leadership debates are planned for late 2025 and early 2026, offering members a chance to hear contenders’ visions for the party’s future.


Labels:

Comments

Post a Comment