Bank of Canada chose not to change rates today. The overnight rate remains at 2.75% with the Prime Rate sitting at 4.95%. Now remember, this directly impacts those with a Variable/Adjustable Rate Mortgage. This does not directly impact Fixed Rates. For Example: If you have a Home Equity Line of Credit, the rate is typically Prime + .50%. Keeping your rate at 5.45%. Where if you have a Variable/Adjustable Rate Mortgage, it typically ranges from Prime - .50% to -1.10% keeping

Bank of Canada chose not to change rates today. The overnight rate remains at 2.75% with the Prime Rate sitting at 4.95%. Now remember,...

Bank of Canada reduced the overnight rate by 0.25%, bringing it from 3.00% to 2.75%. Which for most lenders will bring the Prime rate...

Bank of Canada reduced the overnight rate by 0.25%, bringing it from 3.25% to 3.00%. Which for most lenders will bring the Prime rate...

Bank of Canada reduced the overnight rate by 3.75%, bringing it from 3.75% to 3.25%. Which for most lenders will bring the Prime rate...

Bank of Canada reduced the overnight rate by 0.50%, bringing it from 4.25% to 3.75%. Which for most lenders will bring the Prime rate...

Bank of Canada reduced the overnight rate by 0.25%, bringing it from 4.50% to 4.25%. Which for most lenders will bring the Prime rate...

Bank of Canada reduced the overnight rate by 0.25%, bringing it from 4.75% to 4.50%. Which for most lenders will bring the Prime rate...

Bank of Canada reduced the overnight rate by 0.25%, bringing it from 5% to 4.75%. Which for most lenders will bring the Prime rate from...

Bank of Canada keeps the overnight rate at 5%. Which for most lenders Prime rate will remain at 7.20%. What is the Bank of Canada...