As of October 23, 2024, the Bank of Canada interest rate is 3.75%. This is the fourth, consecutive drop in the BoC's overnight rate — the target interest rate that influences prime rate used by ...

Newly released documents show some members of the Bank of Canada were wondering last month whether the central bank's ...

The Bank of Canada held its interest rate at 2.75 per cent on Wednesday, citing resilience in the economy despite the ongoing ...

Monetary policy announcements from central banks in Canada and the United States are scheduled for July 30, and most ...

Canadian financial institutions are lowering their prime lending rates to match the decrease announced by the Bank of Canada.

Canada’s big banks have started to increase their prime rate after the Bank of Canada raised its benchmark interest rate to five per cent. Canada’s central bank has now raised its benchmark interest ...

OTTAWA, Aug 26 (Reuters) - The Bank of Canada will not review its inflation target when its monetary policy framework comes ...

When the Bank of Canada raises rates, you've probably heard about the prime rate, but do you really know what it is? Wonder no more, thanks to this deep dive from Forbes Advisor.

Royal Bank of Canada, TD Canada Trust, Scotiabank, CIBC, Bank of Montreal, National Bank of Canada, Equitable Bank and Laurentian Bank of Canada all raised their prime rate by 50 basis points from ...

TORONTO — Canadian financial institutions are lowering their prime lending rates to match the half percentage point decrease announced today by the Bank of Canada.

The cost of borrowing has increased again as all six big Canadian banks hiked their prime rates in lockstep with the Bank of Canada's policy rate.