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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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Ayodhya Illuminates the World: 26 Lakh Diyas Set New Guinness Records at Deepotsav 2025

        Unbelievable! 26 Lakh Diyas Light Up Ayodhya On Diwali 2025, Two Guinness World Records Set In Divine Spectacle


The holy city of Ayodhya glowed brighter than ever this Diwali as it etched its name into history with a record-breaking spectacle. During the grand Deepotsav 2025 celebrations, more than 26.17 lakh oil lamps (diyas) were lit simultaneously along the banks of the sacred Saryu River, creating a breathtaking sea of light visible for miles.

The event, officially certified by the Guinness World Records, marked not just one but two global milestones. Alongside the largest display of oil lamps, a record 2,128 devotees performed aarti together, adding to the spiritual grandeur of the evening. Drones were used to verify the count of diyas, ensuring the achievement was meticulously documented.

The celebrations included a dazzling light-and-sound show, fireworks, and symbolic rituals reenacting the return of Lord Ram to Ayodhya. Uttar Pradesh Chief Minister Yogi Adityanath received the Guinness certificates, calling the event a symbol of India’s enduring spiritual heritage and cultural pride.

With millions of lamps shimmering in unison, Ayodhya once again reaffirmed its place as a beacon of devotion, tradition, and unity during the Festival of Lights.



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