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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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Jimmy Kimmel Returns, Defends Free Speech as Trump Targets Disney

                                            Jimmy Kimmel

Late-night host Jimmy Kimmel returned to Jimmy Kimmel Live! after a week-long suspension, using his comeback monologue to defend free expression and push back against what he called “bullying” from the Trump administration.

Kimmel, who was suspended by ABC parent company Disney following controversial remarks about the murder of conservative activist Charlie Kirk, told his audience it was never his intention to make light of the tragedy. Fighting back emotion, he stressed that his comments had been misconstrued and reiterated the importance of protecting satire and political commentary on television.

Meanwhile, President Donald Trump blasted Disney’s decision to reinstate Kimmel, accusing the network of acting as “an arm of the DNC.” On his Truth Social account, Trump suggested that ABC’s move could amount to an “illegal campaign contribution” and hinted at possible legal action, saying, “I think we’re going to test ABC out on this”.

The clash underscores a broader battle between the White House and media outlets, with Trump and his allies pressing regulators to scrutinize broadcasters while critics warn of mounting threats to free speech. Despite affiliate boycotts from major station groups like Nexstar and Sinclair, Disney’s decision to bring Kimmel back has been framed by supporters as a stand for artistic and journalistic independence.


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