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

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 ...

Canada's annual inflation rate unexpectedly dropped by a tick to 1.9% in November, driven by a broad-based slowdown in prices ...

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 ...

1:53 How the Bank of Canada’s interest rate cut will provide relief to homeowners The Bank of Canada’s latest oversized interest rate cut isn’t expected to deliver immediate relief to the ...

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 ...

TORONTO, Dec. 11, 2024 /PRNewswire/ - Equitable Bank (the "Bank" or "Equitable"), Canada's Challenger Bank™, today announced it is reducing its prime lending rate by 50 basis points to 5.45% ...

For the fifth consecutive time, the Bank of Canada has cut its key interest rate. Down half a per cent, the rate now sits at 3.25 per cent. This, after Canada’s economy grew by one per cent in ...

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 ... piece of Maritime history that hasn ...

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 ...