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

Our opinions are our own. 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 ...

TORONTO, Jan. 29, 2025 /CNW/ - TD Canada Trust today announced that it has decreased its TD Prime Rate by 25 basis points to 5.20%, effective January 30, 2025. The Toronto-Dominion Bank and its ...

National Bank of Canada, Desjardins Group, Equitable Bank and Bank of Nova Scotia announced Wednesday they would cut their prime rate, following the lead of the Bank of Canada. The banks said they ...

How the Bank of Canada target rate change can affect Canadians renewing mortgages in 2025 and 2026 and 10 steps homeowners ...

BMO’s prime rate was lowered to 5.25% on January 30, 2025, following the Bank of Canada rate announcement. BMO’s prime rate is the basis for its variable-rate lending products, like mortgages ...

The Bank of Canada has once again cut its prime interest rate but warns the country is facing an uncertain economic future. As Andrea Macpherson reports, the rate-cut comes just days before Donald ...

If you pay attention to financial news, you may have heard the term “prime rate” and wondered what it meant. You might have even confused it with the federal funds rate or your loan’s ...

White House officials announced that President Donald Trump has imposed 25% tariffs on Mexico and Canada and 10% tariffs on goods from China. The tariffs, which will be implemented on Feb. 4, will be ...

BMO’s mortgage rates are primarily influenced by two key macroeconomic factors: the Bank of Canada’s overnight policy rate and government bond yields. The policy rate directly affects BMO’s prime rate ...