Craig Sebastiano is a personal finance writer based in Toronto. He was previously the managing editor at Ratehub.ca and has written about credit cards, mortgages, banking, investing and investment ...

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 ...

Paul Volcker wanted to tame inflation and the Bank of Canada followed suit. The prime rate, which had fallen to 12.25% in July 1980 jumped to 22.75% by August 1981. A five-year fixed rate mortgage ...

When the Bank of Canada adjusts its overnight rate, BMO’s prime rate increases or decreases ... including any current discounted rate offers. Compare Big 6 Bank mortgage rates Compare broker ...

Lenders’ prime rates are based on the Bank of Canada’s overnight rate (also called the benchmark, target or policy interest rate). When the Bank raises its overnight rate (which it does when ...

TORONTO, Jan. 29, 2025 /PRNewswire/ - Equitable Bank (the "Bank" or "Equitable"), Canada's Challenger Bank™, today announced it is reducing its prime lending rate by 25 basis points to 5.20% ...

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

Tariff retaliation: Mexico and Canada immediately vowed to impose tariffs of their own. The Canadian prime minister, Justin ...