Prime Rate

• Big six lenders raise prime rates past 7% after Bank of Canada hike

  The cost of borrowing has increased again as all six big Canadian banks hiked their prime rates in lockstep with the Bank of Canada's policy rate.

  Money

  Jul 13, 2023
  
• Bank of Canada interest rate hike impacting Okanagan housing market, household debt

  The central bank raised its key interest rate by half a percentage point on Wednesday increase to 3.75 per cent.

  Canada

  Oct 26, 2022
  
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• A mortgage rate of less than 1% now available in Canada

  HSBC is advertising a five-year variable rate of just 0.99 per cent.

  Money

  Dec 4, 2020
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• Some savings accounts could earn you more than a 5-year investment right now

  Savers should pay special attention to what happens to GICs and interest rates on savings account after the latest Bank of Canada rate hike.

  Money

  Jul 12, 2018
• COMMENTARY: Interest rate hike would hurt most Canadians

  In the real world, you'd be hard pressed to find too many Canadians who feel that the economy has improved significantly.

  Jul 11, 2017