The Bank of Canada (BoC) last raised its key interest rate to 5% on July 12, 2023, marking the first time since April 2001 that the rate had hit the 5% mark. Before that pause, a series of rate ...

For example, later this year, when it is widely anticipated that the Bank of Canada will cut its key interest rate by another 50 to 75 basis points, the prime rate will drop by the same amount.

Bank of Canada officials acknowledged that the economic uncertainty created by a potential trade battle supported their decision to cut interest rates last month.

Canada's economy created more jobs than expected in January. (Credit: Peter J. Thompson/National Post) Canada’s unemployment rate continues to decline, falling to 6.6 per cent in January as the ...

NerdWallet Canada ... and lower interest rates — if they pay interest at all. A HISA works similarly to any other savings account. When you deposit your money into an account at a bank or ...

The Bank of Canada now expected to cut its benchmark interest rate at each meeting until October, more than previously expected. (REUTERS/Patrick Doyle/File Photo) · Reuters / Reuters U.S. President ...

Canada’s unemployment rate continues to decline, falling to 6.6 per cent in January as the economy created more jobs than economists expected. The economy added 76,000 positions, according to ...