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 ...

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Canada’s mortgage market is changing all the time. Bookmark this page to find the top national insured and uninsured mortgage rates, updated daily, based on data from MortgageLogic.news. Postmedia and ...

TORONTO - Canadian financial institutions are lowering their prime lending rates to match the decrease announced by the Bank of Canada. The central bank lowered its key interest rate by half a ...

RBC Royal Bank has announced it will lower its US Prime rate from 8% to 7.75%, effective December 9, following the US Federal ...

BMO’s prime rate was lowered to 5.95% on October 24, 2024, following the Bank of Canada rate announcement. BMO’s prime rate is the basis for its variable-rate lending products, like mortgages ...

Canada’s big banks cut their prime rates following the lead of the Bank of Canada Wednesday. We apologize, but this video has failed to load. Try refreshing your browser, or tap here to see other ...

As of October 23, 2024, the Bank of Canada interest rate is 3.75%. This is the fourth, consecutive drop in the BoC's ...

Here's what does move fixed mortgage rates and when they may move next.

Bank prime rates help determine the cost of a range of loans including variable-rate mortgages and lines of credit. The Bank of Canada's next scheduled interest rate decision is Dec. 11.