A Visit to Luneta Park
  
Luneta, also known as Rizal Park, is a historic urban park located in the heart of Manila, Philippines. It is one of the country's most significant landmarks, serving as a symbol of Philippine independence and national pride. The park is renowned for being the site of the execution of national hero Dr. José Rizal on December 30, 1896, which sparked the Philippine Revolution against Spanish rule.
Luneta features beautiful gardens, monuments, and a large central fountain, attracting both locals and tourists. It is also home to the Rizal Monument, a towering tribute to Rizal's legacy, and remains a popular gathering place for both historical reflection and leisure activities.
Bank of Canada Reduced Policy Rate by 25 basis points bringing it down to 2.75%
The Bank of Canada has announced a 25 basis point cut to its overnight lending rate, bringing it to 2.75 percent. This decision, made on Wednesday, comes as the ongoing trade war with the U.S. begins to place increasing pressure on the Canadian economy. Bank of Canada governor Tiff Macklem explained that the economy had started the year strong, with solid GDP growth and inflation remaining within the central bank's target of two percent.
However, Macklem pointed out that the uncertainty surrounding tariffs, due to the fluctuating trade relationship between Canada and the U.S., has negatively impacted business spending, hiring, and consumer confidence. In response to this economic backdrop, the central bank opted for the rate cut. While it is still early to see the full impact of new tariffs, surveys suggest that the threat of additional tariffs and the ongoing uncertainty about the trade relationship are already significantly affecting both business and consumer intentions.
BC SPECULATION & VACANCY TAX
Homeowners in British Columbia should have already received their annual declaration letter and code from the Ministry of Finance Property Tax Branch. This letter is part of the process for the property tax declaration, which is required for all eligible properties in the province.
The deadline for property owners to complete their declaration is March 31st, 2025. It’s important for homeowners to submit their declarations on time to avoid potential penalties or complications regarding their property taxes.
Additionally, owners should be aware that new taxable areas have been added to the list this year. These include Coldstream, Comox, Courtenay, Cumberland, Kamloops, Lake Country, Parksville, Peachland, Penticton, Qualicum Beach, Salmon Arm, Summerland, and Vernon. Homeowners in these areas will need to complete the necessary steps for their property tax declaration as well.
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