BMO’s prime rate was lowered to 4.95% on March 13, 2025, following the latest Bank of Canada rate announcement. BMO’s prime rate is the basis for its variable-rate lending products ...

President Trump urged the Federal Reserve to cut interest rates and ripped the head of the independent central bank as new ...

The banks said they would decrease the prime rate by 25 basis points from 5.20 per cent to 4.95 per cent just hours after Canada’s central bank cut its interest rate by a quarter point to 2.75 per ...