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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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MAGA Divide Deepens as Trump and Greene Clash Ahead of 2026 Midterms

President Donald Trump arrives and walks by Rep. Marjorie Taylor Greene, R-Ga., to address a joint session of Congress at the Capitol in Washington, Tuesday, March 4, 2025.

Tensions within the Republican Party are escalating as former President Donald Trump and Representative Marjorie Taylor Greene publicly clash in the lead-up to the 2026 midterm elections. What began as subtle disagreements over strategy has now grown into a visible feud, highlighting fractures within the MAGA movement.

Greene, a vocal supporter of Trump in past cycles, has recently criticized his approach to candidate endorsements and party leadership, arguing that grassroots voices are being sidelined. Trump, in turn, has dismissed Greene’s criticisms, doubling down on his influence over the GOP and warning against what he sees as disloyalty within his base.

Political analysts suggest the rift could have significant consequences for Republican unity, particularly in battleground states where party cohesion is critical. While both figures maintain strong followings, their dispute underscores the challenges facing the GOP as it seeks to balance Trump’s dominance with rising voices in the movement.

The feud adds uncertainty to an already high-stakes election season, with Democrats watching closely for opportunities to exploit Republican divisions.


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