2 days ago · Royal Bank of Canada, Toronto-Dominion Bank, Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Laurentian Bank of Canada, Desjardins Group, National Bank of Canada and Equitable Bank announced Wednesday they would cut their prime rate, following the lead of the Bank of Canada.. The banks said they would decrease the prime …

1 day ago · 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 cent. The lower rate is effective March …

1 day ago · The Bank of Canada has cut its overnight lending rate by 25 basis points to 2.75 per cent, it announced on Wednesday, as an ongoing trade war with the U.S. begins to strain the Canadian economy.

Canada's prime rate as of today is currently at 4.95%, influenced by the Bank of Canada's policy interest rate, also known as the target for the overnight rate. The prime rate impacts variable loans and lines of credit, including variable-rate mortgages.

Nov 12, 2024 · The Prime rate in Canada is currently 4.95%. The Prime rate is the interest rate that banks and lenders use to determine the interest rates for many types of loans and lines of credit. These can include credit cards, HELOCs, variable …

Canada Prime Rate is at 5.20%, compared to 5.20% last week and 7.20% last year. This is lower than the long term average of 7.17%. In depth view into Canada Prime Rate including historical data from 1975 to 2025, charts and stats.

Find interest rates, along with supporting data and background information. View or download the latest data for CORRA, Canada’s risk-free rate. Yields on zero-coupon bonds, generated using pricing data on Government of Canada bonds and treasury bills.

Mar 7, 2025 · Get quick access to data on exchange rates, money markets, inflation, interest rates and bond yields.

Jan 29, 2025 · Canada’s prime rate — the interest rate that major banks charge their best customers — will drop to 4.95% prompted by the Bank of Canada's seventh consecutive rate drop of its overnight rate,...

Weekly posted interest rates covering prime rate, conventional mortgages, guaranteed investment certificates, personal, daily interest savings, and non-chequable savings deposits, offered by chartered banks. Rates presented are the most typical …