Banks cut prime rate to 5.2%, following Bank of Canada's lead
Royal Bank of Canada, Toronto Dominion Bank, Canadian Imperial Bank of Commerce, Bank of Montreal, National Bank of Canada, ...
Yahoo Finance10d
Equitable Bank reduces prime rate
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% ...
NerdWallet2d
Today’s RBC Mortgage Rates
RBC’s prime rate is the basis for its variable-rate lending products, like mortgages, credit cards and lines of credit. When the Bank of Canada adjusts its overnight rate, RBC’s prime rate ...
NerdWallet5d
Today’s Best BMO Mortgage Rates
BMO’s prime rate was lowered to 5.25% on January 30, 2025, following the Bank of Canada rate announcement. BMO’s prime rate is the basis for its variable-rate lending products, like mortgages ...
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Interest rates cut by 25 basis points, even as two MPC members argued against decrease
The model projected that the rand - currently at R18.51/$ - would weaken to nearly R21 to the dollar, with domestic inflation ...
What the new Bank of Canada interest rate cut means for Canadians
In its first cut of 2025, the Bank of Canada (BoC) lowered its key interest rate by 25 basis points. On Wednesday, the ...
Bank of England cuts interest rates to 4.5% and slashes UK growth forecast
The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.