If you have an existing fixed-rate loan, a change in the prime rate won’t affect your current interest rate or payments. But it will affect the rates of any new fixed-rate loans you take out.

Royal Bank of Canada, Toronto Dominion Bank, Canadian Imperial Bank of Commerce, Bank of Montreal, National Bank of Canada, ...

Current HELOC rates fluctuate from day to day and vary by lender, but they're generally a bit higher than the current prime rate. Is a HELOC a good idea right now? It indicates an expandable ...

Hint: You might want to pay down your debts more aggressively.

In 2022, the prime rate was raised seven times after the Bank of Canada’s announcements. The Bank of Canada’s website provides a daily digest that includes the current overnight rate ...

Big trade disruptions could (eventually) jackhammer both variable and fixed rates lower this year — despite rising inflation ...

The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's ...

This comes after the central bank’s Monetary Policy Committee (MPC) voted for a 25BPS cut today, which translates to a 0. 25% ...

The central bank’s decision to pause at its first meeting of 2025 followed a series of cuts that began in September to ...