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Canada's prime rate as of today is currently at 6.45%, influenced by the Bank of Canada's policy interest rate, also known as the target for the overnight rate. 2. The prime rate impacts variable loans and lines of credit, including variable-rate mortgages.
Statistics. Interest rates. Find interest rates, along with supporting data and background information. Canadian interest rates. Treasury bill yields. Bond yields. Canadian Overnight Repo Rate Average. View or download the latest data for CORRA, Canada’s risk-free rate. Yield curves for zero-coupon bonds.
The Prime rate in Canada is currently 6.45%. The Prime rate is the interest rate that banks and lenders use to determine the interest rates for many types of loans and lines of credit. These can include credit cards, HELOCs, variable-rate mortgages, car and auto loans, and much more.
Canada Prime Rate is at 6.45%, compared to 6.45% last week and 7.20% last year. This is lower than the long term average of 7.18%.
The prime rate or prime lending rate is what Canadian banks and financial institutions use to set the interest rate on their variable interest products, such as loans, lines of credit or...
Weekly posted interest rates covering prime rate, conventional mortgages, guaranteed investment certificates, personal, daily interest savings, and non-chequable savings deposits, offered by chartered banks. Rates presented are the most typical of those offered by the six major chartered banks.
Canada’s prime rate — the interest rate that major banks charge their best customers — will drop to 6.45% prompted by the Bank of Canada's third, consecutive rate drop of its overnight rate by...