Canada’s prime rate — the interest rate that major banks charge their best customers — will drop to 5.45% prompted by the Bank of Canada's fifth, consecutive rate drop of its overnight rate ...

BMO’s prime rate was lowered to 5.45% on December 11, 2024, following the Bank of Canada rate announcement. BMO’s prime rate is the basis for its variable-rate lending products, like mortgages ...

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

oIn addition to Canada’s prime rate lowering to 5.45%—which has in turn lowered variable mortgage rates—dropping bond yields have also pulled fixed mortgage rates down, with the new average ...

Canadian financial institutions are lowering their prime lending rates to match the half percentage point decrease announced today by the Bank of Canada. Other lenders including Desjardins Group ...

1 encore, in which he promises to reveal Canada’s destiny with U.S. tariffs. All that aside, fixed rates remained unchanged this week, except for Nesto’s five basis point drop in its nationally ...

Let us move on to some bold changes that will address two of this country’s biggest economic and personal finance challenges: economic productivity and unaffordable housing ...

Mark Carney, the first non-Brit to run the Bank of England since it was founded in 1694 and the former head of Canada’s ...