The Fed’s short-term rates matter, but the main action now is in the 10-year Treasury market, which influences mortgages, ...

When you apply for a credit card, you'll be presented with several disclosures covering everything from card benefits and fees to the card's annual percentage rate (APR). Many people don't realize ...

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 ...

The prime rate is a base rate set by Canadian banks to determine the variable interest rates they can charge on lending products, such as mortgages and loans. Many or all of the products featured ...

Inflation reached 12.7% in December 1974 and the economy entered into a recession. The prime rate was 6% in 1972 before the BoC began raising rates. It peaked at 11% in 1974–or so most people ...

or "prime," interest rates. For this reason, prime borrowers are likely to get approved for the best credit cards, but it may come at a higher interest rate than someone who has super-prime credit.

Aggregate US debt is $101.353T, or 3.45x GDP, indicating a historically high leverage that risks recession. Read why ...

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 ...