Canada

Bank of Canada makes another emergency cut to interest rate

Posted 27th March 2020, 3:52 pm    Authored By ToddR

The Bank of Canada has made a second unscheduled cut to its benchmark interest rate, lowering it to 0.25 per cent amid the COVID-19 crisis.

The central bank made the announcement in a news release on Friday morning.

The overnight lending rate is what the bank charges for short-term loans between retail banks, but it impacts the rates that Canadian consumers get from their banks on things like savings accounts and variable rate loans.

Meet Rare Sea Wolves Who Live Off The Ocean And Can Swim For Hours

Posted 5th July 2017, 1:00 pm    Authored By ToddR

"Along the wild Pacific coast of British Columbia, there lives a population of the sea wolves. “We know from exhaustive DNA studies that these wolves are genetically distinct from their continental kin,” says McAllister. “They are behaviourally distinct, swimming from island to island and preying on sea animals. They are also morphologically distinct — they are smaller in size and physically different from their mainland counterparts,” says Ian McAllister, an award-winning photographer who has been studying these animals for almost two decades."

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