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Explore the significance of the bank's prime rate and the WSJ prime rate today. Learn its importance as a benchmark for ...

The consumer price index was unchanged last month, where economists expected a 0.1% advance after an acceleration to 0.4% growth the month before, Statistics Canada said Tuesday. That left annual ...

OTTAWA--Consumer prices in Canada rose at slightly slower pace in November thanks to a broad-based deceleration in inflation that leaves the door open to further rate cuts even after last week's ...

Paul Volcker wanted to tame inflation and the Bank of Canada followed suit. The prime rate, which had fallen to 12.25% in July 1980 jumped to 22.75% by August 1981. A five-year fixed rate mortgage ...

Former Bank of Canada Deputy Governor Paul Beaudry expects policymakers to cut their key interest rate until it hits at least 2.75%, with the path beyond that point less clear. Beaudry said he ...

A line chart comparing inflation metrics over the past five years. The Bank of Canada cut rates by 50 bps to 3.25% on Wednesday, marking the first time since the COVID-19 outbreak that it has ...

RBC, TD, BMO and CIBC say they are lowering their prime rate to 5.45 per cent, down from 5.95 per cent, effective Thursday. The Bank of Canada's cut Wednesday marks the fifth consecutive decrease ...

Toronto – Canada’s central bank lowered its key interest rate by half a percentage point ... but we did highlight it as a risk.” Canadian Prime Minister Justin Trudeau said tariffs would ...

Ottawa (AFP) – Canada's central bank on Wednesday lowered its key lending rate by 50 basis points to ... and undocumented migrants. Canadian Prime Minister Justin Trudeau said this week such ...

TORONTO - Canadian financial institutions are lowering their prime lending rates to match the half percentage point decrease announced today by the Bank of Canada. All of the Big Six including RBC ...