A bank’s prime rate is based on the Bank of Canada’s overnight rate, which changes multiple times in a year. The prime rate is a base rate set by financial institutions in Canada to determine ...

Canadians are awaiting the first interest rate update of the year, and all eyes are on the Bank of Canada (BoC).

TORONTO — Canadian financial institutions are lowering their prime lending rates to match the decrease announced by the Bank of Canada. The central bank lowered its key interest rate by half a ...

Rarely has one man stolen the show in Canada’s interest rate market like Donald Trump did this week. The brash new president, with his tariff threats and regulatory, fiscal and immigration policies , ...

Mark Carney, the first non-Brit to run the Bank of England since it was founded in 1694 and the former head of Canada’s ...

Let us move on to some bold changes that will address two of this country’s biggest economic and personal finance challenges: ...

By the way, if you’re adamant that rates will drop and you want your floating-rate mortgage payment to fall, too, the mortgage you want is called an adjustable-rate mortgage. Mortgage brokers have the ...