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

The federal funds rate and mortgage interest rates are often expected to move together, but they haven’t lately. Here’s why.

Aggregate US debt is $101.353T, or 3.45x GDP, indicating a historically high leverage that risks recession. Read why ...

TORONTO, Jan. 29, 2025 /PRNewswire/ - Equitable Bank (the "Bank" or "Equitable"), Canada's Challenger Bank™, today announced it is reducing its prime lending rate by 25 basis points to 5.20% ...

It is called a “repurchase” rate because it is the interest that is deducted (“discounted”) when the banks buy back ...

Craig Sebastiano is a personal finance writer based in Toronto. He was previously the managing editor at Ratehub.ca and has written about credit cards, mortgages, banking, investing and investment ...

Inflation reached 12.7% in December 1974 and the economy entered into a recession. The prime rate was 6% in 1972 before the BoC began raising rates. It peaked at 11% in 1974–or so most people ...

Who benefits from the latest Bank of Canada rate announcement? Learn how to use the latest rate drop to boost your financial ...

The prime rate is a base rate set by Canadian banks to determine the variable interest rates they can charge on lending products, such as mortgages and loans. Many or all of the products featured ...

Most APRs are tied to the prime rate, which moves in lockstep with the federal funds rate. Credit card issuers calculate your APR by adding a margin to the prime rate. Understanding this mechanism ...