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 ...

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

The CAIRP says that businesses and consumers should expect continued pressure in 2025 amid potential tariffs and mortgage renewals.

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

In its first cut of 2025, the Bank of Canada (BoC) lowered its key interest rate by 25 basis points. On Wednesday, the ...

National Bank of Canada (NTIOF) announced a decrease in its prime rate by 25 basis points to 5.20%, effective January 30, 2025. Invest with ...

Mark Carney plans to announce he won’t follow through with a proposed increase to Canada’s capital gains tax if he wins the ...

Therefore, we rate this claim a mixture of true, false and undetermined. As first reported by The Canadian Press, former deputy prime minister and finance minister of Canada Chrystia Freeland ...

White House officials announced that President Donald Trump has imposed 25% tariffs on Mexico and Canada and 10% tariffs on ...

Additionally, things like the bond market, costs of long-term deposits, and competition for funds also play a role in determining the prime rate. As of Jan. 29, 2025, Canada’s prime rate is 5.20%.

Tariff retaliation: Mexico and Canada immediately vowed to impose tariffs of their own. The Canadian prime minister, Justin ...