Former Bank of Canada governor Stephen Poloz warned markets should not be assuming further rate cuts by the central bank, ...

Economists expect the Bank of Canada to maintain its cautious approach by holding its policy rate in place on Wednesday as it ...

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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 ...

Royal Bank of Canada and Toronto-Domninion Bank announced Wednesday they would cut their prime rate, following the lead of the Bank of Canada. The banks said they would decrease the prime rate by ...

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 ...

As the BoC’s interest rate decisions influence the prime rate, the ‘Big Six Banks ... We continue to expect that the Bank of Canada will cut rates another 75 basis points this year.” ...

Canadian financial institutions are lowering their prime lending rates to match the half percentage point decrease announced today by the Bank of Canada. Other lenders including Desjardins Group ...

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 ...

This latest decrease brings the central bank’s rate—which sets the benchmark for Canada’s prime rate and variable-rate borrowing products—to 4.5%. Combined with last month’s decrease ...

The Bank of Canada has lowered interest ... renewal wall next year,” he said. Prime Minister Justin Trudeau has applauded the central bank’s recent rate cuts as a sign the country’s economy ...

Much like predicted, the Bank of Canada has lowered its overnight lending rate for the fourth time in a row, to 3.75 per cent. This time, it’s a drop of 50 basis points from the previous 4.25 per cent ...