Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Your daily horoscope: January 18, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

A Mercury-Saturn link on your birthday will encourage you to think deeply and seriously over the coming 12 months. By all means enjoy yourself but don’t ignore that little voice in the back of your head when it sends messages that are clearly profound.

ARIES (March 21 - April 20):

While you may not approve of what a friend or loved one is up to you know there isn’t much you can do about it. You can either turn a blind eye to their efforts or criticize anyway knowing they will almost certainly ignore every word you say.

TAURUS (April 21 - May 21):

You can and you must take the initiative and make things happen over the next 24 hours. Cosmic activity in the most adventurous area of your chart may not be as potent as it was but there is still plenty of scope to start making good things happen.

GEMINI (May 22 - June 21):

Someone you have dealings with seems a little bit slow in the mental department and, to be frank, you would be better off without their ideas. Make an excuse to go off and do things by yourself today and don’t be in a hurry to come back again.

CANCER (June 22 - July 23):

Let someone know that you will no longer allow them to push you around. If you can find the courage to speak up today it won’t be long before they realize you are not the easy touch they took you for and will go off and harass someone else.

LEO (July 24 - Aug. 23):

It’s fine to have controversial views – you are free to think and speak as you please – but you need to bear in mind that if those views are too outrageous you could make enemies of people who can make life tough for you. Tone down your act a bit.

VIRGO (Aug. 24 - Sept. 23):

What occurs over the next few days, and certainly when the sun changes signs at the weekend, could bring you down to earth with a bump. But in a way that’s good because you have been flying a little too high. Better to fall now than later on.

Labels:

Comments

Post a Comment