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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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Zelensky Presses Allies Amid Unresolved Challenges in Europe Tour

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Ukrainian President Volodymyr Zelensky has acknowledged that “tough issues” remain unresolved as he continues a high-stakes tour across Europe aimed at rallying support for Kyiv’s war effort and diplomatic standing. Speaking after talks with U.S. officials, Zelensky emphasized that while progress has been made, critical disagreements persist, particularly over the terms of potential peace negotiations and the scale of future military aid.

During his European engagements, Zelensky met with French President Emmanuel Macron in Paris and is expected to hold further discussions with leaders in Berlin, Rome, and London. His mission is clear: to secure commitments of military hardware, humanitarian assistance, and political backing at a time when Ukraine faces mounting pressure from Washington to consider peace proposals.

European allies have largely reassured Zelensky of their “unwavering support”, but the Ukrainian leader has warned that the stakes are higher than ever. He described Ukraine as being at “one of the most difficult moments of its history”, caught between safeguarding national dignity and maintaining crucial U.S. partnership.

Zelensky’s tour also underscores his broader strategy of keeping Ukraine’s plight at the forefront of European politics. By meeting NATO officials and EU leaders, he aims to lock in long-term commitments before shifting dynamics in Washington potentially alter the flow of aid.

Despite the uncertainty, Zelensky remains determined to push for a resolution that ensures Ukraine’s sovereignty and security. His whirlwind diplomacy reflects both urgency and resilience, as he seeks to balance the demands of allies with the realities of a grinding war.

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