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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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Your daily horoscope: November 26, 2025

 

IF TODAY IS YOUR BIRTHDAY

Jupiter, your ruler, is active on your birthday this year, making it easy for you to push past obstacles and finish a project you have been working on for quite some time. When it is done, move on to an even tougher objective. Test yourself every day.

ARIES (March 21 - April 20):

You may feel inspired to do something out of the ordinary today but make sure friends and loved ones know what you are up to or they may think you are losing your mind. Not everyone is as naturally adventurous as you!

TAURUS (April 21 - May 21):

You will have a spring in your step today and everyone you meet will note that you seem happier with life than you have been of late. Avoid anyone who tries to drag you down to their own dismal level. You don’t need their negativity.

GEMINI (May 22 - June 21):

Once you get going today there will be no stopping you but it may take a while to build up your enthusiasm for what needs to be done. The cure for doubt is action, so get yourself moving and don’t leave tasks and chores to the very last moment.

CANCER (June 22 - July 23):

Don’t reveal too much about your plans over the next 24 hours, because the planets warn if you say too much someone may try to stop you. You are under no obligation to let others know what you are up to – it’s nobody’s business but your own.

LEO (July 24 - Aug. 23):

You can easily get friends and loved ones to support you today, merely by asking them. Too often in the past you have kept your needs a secret because you did not want to look weak – but now you have no choice, so speak up.

VIRGO (Aug. 24 - Sept. 23):

With so much cosmic activity working in your favour you will find a way to reach the top of whatever mountain it is you are trying to climb. Don’t race to the summit too quickly though or you may forget the route you need to come down again.

LIBRA (Sept. 24 - Oct. 23):

If you offer someone an inch today they will no doubt try taking a mile but that’s okay. You can afford to be generous now, with your time, your energy and maybe even your money too – though make sure others work for their pay.

SCORPIO (Oct. 24 - Nov. 22):

Venus in your sign links with both Jupiter and Saturn today, so don’t hold back – show the world you are a power to be reckoned with. Having said that, you do need to know your limits as well. You are not indestructible.

SAGITTARIUS (Nov. 23 - Dec. 21):

Push ahead with your plans and refuse to slow down if some of your colleagues fail to keep up. You are under no obligation to assist them – in fact you would be helping them more by letting them fail. Not everyone has got what it takes.

CAPRICORN (Dec. 22 - Jan. 20):

You will have plenty to say for yourself today but you must make sure that every claim you make is backed up by facts. If your rivals can see you are enhancing your story with wishful thinking they will happily point that out to the world.

AQUARIUS (Jan. 21 - Feb. 19):

Don’t listen to those who say you need approval from an authority figure to follow your dream because you are in charge of your destiny and no one, whatever their position, has the right to hold you back. They would also be foolish to try.

PISCES (Feb. 20 - Mar. 20):

The cosmic picture is wonderfully positive at the moment, so put all thoughts of failure out of your head and aim for a goal that most people think is beyond you. When you want something enough no power on earth can stop you from getting it.

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