The prime rate is a base rate set by financial institutions in Canada to determine the variable interest rates they can charge on lending products, such as mortgages and loans. A bank’s prime ...

Canadians are awaiting the first interest rate update of the year, and all eyes are on the Bank of Canada (BoC). The final major rate cut of 2024 ...

Rarely has one man stolen the show in Canada’s interest rate market like Donald Trump did this week. The brash new president, with his tariff threats and regulatory, fiscal and immigration policies , ...

What is the prime interest rate in Canada? As of Jan. 2, 2025, Canada’s prime rate is 5.45%. The prime interest rate in Canada is calculated as a mode average of the Six Big banks’ official ...

This share will rise if banks’ prime rates increase further ... in the policy interest rate by the Bank of Canada since March 2022, variable-rate mortgage borrowers have faced historically large ...