Changes to the BoC rate impacts the prime rate set by Canadian lenders, which in turn affects the pricing of variable-based borrowing products, which are based on the…
Read more Making sense of the Bank of Canada interest rate decision on October 23, 2024 – MoneySenseWhat does the rate cut mean? The immediate impact of today’s rate cut will be interest rate relief for Canadians. As a result of today’s rate cut, most…
Read more Making sense of the Bank of Canada interest rate decision on September 4, 2024 – MoneySenseAs a result of the latest rate hold, the prime rate in Canada will remain at 7.2%. This might not seem like big news, but this is what…
Read more Making sense of the Bank of Canada interest rate decision on March 6, 2024 – MoneySense
