Banks cut prime rate to 5.2%, following Bank of Canada's lead
Royal Bank of Canada, Toronto Dominion Bank, Canadian Imperial Bank of Commerce, Bank of Montreal, National Bank of Canada, ...
NerdWallet2y
Prime Rate in Canada: What It Is, How It’s Set
In 2022, the prime rate was raised seven times after the Bank of Canada’s announcements. The Bank of Canada’s website provides a daily digest that includes the current overnight rate ...
What the new Bank of Canada interest rate cut means for Canadians
In its first cut of 2025, the Bank of Canada (BoC) lowered its key interest rate by 25 basis points. On Wednesday, the ...
Live updates: Bank of Canada cuts key interest rate by another 25 basis points, flags tariffs as ‘major source of uncertainty’
In December 2024, Governor Tiff Macklem pointed to a 2019 internal simulation of the U.S. imposing significant tariffs. That ...
National Bank of Canada decreases prime rate to 5.2%
National Bank of Canada (NTIOF) announced a decrease in its prime rate by 25 basis points to 5.20%, effective January 30, 2025. Invest with ...
Global News on MSN22h
Bank of Canada cuts prime interest rate before potential Trump tariffs
The Bank of Canada has once again cut its prime interest rate but warns the country is facing an uncertain economic future. As Andrea Macpherson reports, the rate-cut comes just days before Donald ...
Bank of Canada16h
Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening
The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at ...
Money Canada (English) on MSN1d
7 powerful ways the Bank of Canada’s rate cut could change your financial future
Who benefits from the latest Bank of Canada rate announcement? Learn how to use the latest rate drop to boost your financial ...
Bank of Canada cuts interest rate, warns it can do little to offset U.S. tariff impact
Canada's central bank lowered its interest rate by 25 basis points to three per cent on Wednesday, as the Bank of Canada ...
NerdWallet Canada on MSN1d
Bank of Canada Rate Cut: Why It Won’t Move the Housing Market
The BoC’s mega-cuts in October and December didn't change the game for home buyers. Today’s 25-basis point reduction probably ...
Bank of Canada cuts key rate with ‘trade war storm’ on horizon
The quarter-point reduction marks a step down from the Bank of Canada’s moves to cut by an oversized 50 basis points in its two previous decisions.