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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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                       Iran's Supreme Leader Ayatollah Ali Khamenei speaks during a meeting in Tehran  

Iran’s Supreme Leader Ayatollah Ali Khamenei has declared that the government will not bow to pressure as nationwide protests continue and tensions with the United States intensify.

Growing Demonstrations

Protests have spread across multiple cities, driven by deep economic frustration and public anger over rising prices and unemployment. What began as scattered demonstrations has evolved into a broader challenge to the government, with crowds calling for political change and defying security forces.

Khamenei’s Message

In a televised address, Khamenei dismissed the unrest as the work of “agitators” and insisted that Iran would not yield to internal or external pressure. His remarks signal that the government intends to take a hard line as demonstrations persist.

U.S. Warnings

The United States has issued sharp statements cautioning Iran against using force to suppress protesters. Officials have suggested that Washington may respond if violence escalates, adding a new layer of tension to an already strained relationship.

A Moment of Uncertainty

With protests growing and both governments trading warnings, Iran faces a volatile period. The coming days may determine whether the unrest fades or develops into a more sustained challenge to the country’s leadership.


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