Search results
Key interest rate: Lookup tool. This tool allows you to make side-by-side comparisons of changes to the Bank Rate and the target for the overnight rate over time.
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.
Jun 25, 2024 · 1. Canada's prime rate as of today is currently at 6.95%, influenced by the Bank of Canada's policy interest rate, also known as the target for the overnight rate. 2. The prime rate impacts variable loans and lines of credit, including variable-rate mortgages.
Jan 23, 2024 · The Prime Rate declines to 6.95%, as the Bank of Canada reduces the policy rate by 25 basis points to 4.75%. Inflation reached 2.7% in April 2024 from a multi-decade high of 8.1% in June 2022. It is still higher than the 2% target of the Bank of Canada (BoC) but is heading in the right direction.
Canadian interest rates and monetary policy variables: 10-year lookup. On this page, you can look up series data. For metadata and background information, see the series notes . Daily series show values for each business day. Weekly series values are as at Wednesday.
Jun 5, 2024 · Canada’s prime rate, the interest rate that major banks charge their best customers, will drop in to 6.95% after the Bank of Canada lowered it's overnight rate at 4.75%.
Jun 25, 2024 · The prime rate is influenced by the Bank of Canada’s target for the overnight rate. This rate also can be called the key interest rate or the policy interest rate.
Jun 25, 2024 · The Bank of Canada made three rate cuts in March 2020 and the prime rate dropped to 2.45%. The economy soon bounced back, but higher import prices, a decline in the Canadian dollar and rising...
Jul 13, 2023 · The prime rate at Canada’s six largest banks rose in lockstep after the Bank of Canada’s latest rate hike on Wednesday, further tightening access to credit and the cost of borrowing for...
May 29, 2024 · Canada Prime Rate is at 6.95%, compared to 6.95% last week and 6.95% last year. This is lower than the long term average of 7.18%.
