That’s the prediction of Bank of America economists who think Canada’s central bank will cut 25 basis points on Jan. 29 and ...

BMO’s prime rate was lowered to 5.45% on December 11, 2024, following the Bank of Canada rate announcement. BMO’s prime rate is the basis for its variable-rate lending products, like mortgages ...

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

The central bank’s interest rate currently sits at 3.25 per cent, the top-line of the bank’s neutral range. In December, Bank ...

oIn addition to Canada’s prime rate lowering to 5.45%—which has in turn lowered variable mortgage rates—dropping bond yields have also pulled fixed mortgage rates down, with the new average ...

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 , ...

Canadian financial institutions are lowering their prime lending rates to match the half percentage point decrease announced today by the Bank of Canada. Other lenders including Desjardins Group ...

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 ...