If you pay attention to financial news, you may have heard the term “prime rate” and wondered what it meant. You might have even confused it with the federal funds rate or your loan’s ...

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

The Federal Reserve's prime rate affects the interest you pay on your credit card. Learn more about the prime interest rate ...

The federal funds rate and mortgage interest rates are often expected to move together, but they haven’t lately. Here’s why.

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

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% ...

Has Russia’s prime interest rate peaked? The Central Bank of Russia (CBR) says analysts have lowered their forecast for ...

It is called a “repurchase” rate because it is the interest that is deducted (“discounted”) when the banks buy back ...

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 ...

The model projected that the rand - currently at R18.51/$ - would weaken to nearly R21 to the dollar, with domestic inflation ...