Paul Volcker wanted to tame inflation and the Bank of Canada ... including Canada’s own, began slashing rates. The prime rate dropped to as low as 2.25% in 2009. Interest rates stayed low ...

The Bank of Canada (BoC) last raised its key interest rate to 5% on July 12, 2023, marking the first time since April 2001 that the rate had hit the 5% mark. Before that pause, a series of rate ...

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 ...

NerdWallet Canada ... and lower interest rates — if they pay interest at all. A HISA works similarly to any other savings account. When you deposit your money into an account at a bank or ...

or a variable interest rate that declined along with the Bank of Canada policy rate. You and the characteristics of your mortgage also affect how much you pay Your past credit history and some of the ...

Economists are more confident the Bank of Canada might pause its interest rate cuts next month — tariffs notwithstanding — as ...

There are “compelling reasons” to expect another Bank of Canada (BoC) interest rate cut in March, in spite of recent economic ...

The Bank of Canada is expected to cut its policy rate by 25 basis points on Wednesday, amid widespread trade uncertainty with the United States. The central bank’s interest rate currently sits at 3.25 ...

The Bank of Canada is widely expected to lower interest rates another 25-basis points when it announces its latest policy decision on Jan. 29. The central bank is scheduled to announce its first rate ...

The Bank of Canada is being pulled in a few different directions ahead of its first interest rate decision of the year on Wednesday. On one hand, there are signs of trouble bubbling up in ...