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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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Air Canada Expands Global Routes as Canadians Look Beyond the U.S.

People walk near the Air Canada check-in area inside Terminal 1 of Toronto Pearson International Airport, in Mississauga, Ont., on Wednesday, Aug. 13, 2025. 

Air Canada is increasing flights across Canada and to international destinations as travellers show less interest in visiting the United States. The airline has strengthened its domestic network while boosting capacity in Europe, the Caribbean, and Latin America.

The shift reflects changing travel patterns, with Canadians showing renewed enthusiasm for overseas trips and sun destinations. Domestic travel is also seeing a surge, helping the airline balance reduced demand for cross-border routes.

By expanding its reach beyond the U.S., Air Canada is positioning itself to capture demand in regions where travellers feel more confident. The strategy highlights resilience and adaptability in a competitive aviation market, while offering passengers more options both at home and abroad.


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