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3 days ago · Prime and Other Rates. Rates for 13 November 2024. Type of Rate. Rate [ % ] Date of Change (YYYY/MM/DD) Notes. Interest rates are subject to change without notice at any time. *Not for US dollar loans in Canada.
Prime & Other Rates. U.S. $ Term Deposits (link opens in new window) Registered Investments. Credit Cards.
Current Mortgage Rates. View Our Current Fixed and Variable Mortgage Rates. The charts below show current purchase and switch special offers and posted rates for fixed and variable rate mortgages, as well as the Royal Bank of Canada prime rate.
RBC Prime Rate. The prime rate is the lending rate Canada’s banks and financial institutions use to set interest rates for variable loans and lines of credit, including mortgages. RBC Royal Bank’s prime rate today, November 7, 2024, is currently 5.95%.
Jan 10, 2023 · As of November 8, 2024, RBC's Prime Rate is currently 5.95%. RBC's prime rate is used to determine the interest rates on various borrowing products. View RBC's prime rate history, and check mortgage, line of credit, and GIC rates.
Oct 23, 2024 · Royal Bank of Canada announced Wednesday afternoon that it was decreasing its prime rate by 50 basis points (bps) to 5.95 per cent from 6.45 per cent, effective Oct. 24.
Jan 23, 2024 · What is Canada's prime rate today? The Prime rate in Canada is currently 5.95 %. 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.
Nov 8, 2024 · The prime rate in Canada today, November 7, 2024, is currently 5.95%. The prime rate, also known as the prime lending rate, is the annual interest rate Canada’s major banks and financial institutions use to set interest rates for variable loans and lines of credit, including variable-rate mortgages.
Dec 7, 2022 · 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 5.95 per cent to 6.45 per cent starting Thursday, Dec. 8.
Oct 25, 2024 · The prime rate or prime lending rate is what Canadian banks and financial institutions use to set the interest rate on their variable interest products, such as loans, lines of credit or...
