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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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Trump Tightens Grip on GOP Election Playbook

 U.S. President Donald Trump salutes during a Veterans Day ceremony at Arlington National Cemetery in Virginia. 


Former President Donald Trump has moved decisively to assert control over Republican election strategy as the 2026 campaign season intensifies. Party insiders say Trump’s influence now extends beyond candidate endorsements to the very mechanics of how Republicans plan to mobilize voters, allocate resources, and frame their messaging.

At the heart of this shift is Trump’s insistence on loyalty and alignment with his agenda, which has reshaped the priorities of the Republican National Committee. Strategists note that Trump’s direct involvement could unify the party’s base but also risks alienating moderates who remain wary of his polarizing style.

Republican operatives are recalibrating their ground game to reflect Trump’s priorities, focusing heavily on battleground states and issues that resonate with his supporters. With his presidency on the line, Trump’s takeover of the GOP’s election machinery underscores both his dominance within the party and the high stakes of the upcoming contests.


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