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

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

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 ...

In its first cut of 2025, the Bank of Canada (BoC) lowered its key interest rate by 25 basis points. On Wednesday, the ...

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% ...

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

Big trade disruptions could (eventually) jackhammer both variable and fixed rates lower this year — despite rising inflation ...

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 ...