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

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 ...

National Bank of Canada, Desjardins Group, Equitable Bank and Bank of Nova Scotia announced Wednesday they would cut their prime rate, following the lead of the Bank of Canada. The banks said they ...

TORONTO, Jan. 29, 2025 /CNW/ - TD Canada Trust today announced that it has decreased its TD Prime Rate by 25 basis points to 5.20%, effective January 30, 2025. The Toronto-Dominion Bank and its ...

The Bank of Canada has once again cut its prime interest rate but warns the country is facing an uncertain economic future. As Andrea Macpherson reports, the rate-cut comes just days before Donald ...

If you pay attention to financial news, you may have heard the term “prime rate” and wondered what it meant. You might have even confused it with the federal funds rate or your loan’s ...

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%.

Canada's prime minister and Mexico's president ordered retaliatory tariffs on goods from the U.S, following through with ...

White House officials announced that President Donald Trump has imposed 25% tariffs on Mexico and Canada and 10% tariffs on goods from China. The tariffs, which will be implemented on Feb. 4, will be ...