The Global Financial Crisis hit and central banks around the world, including Canada’s own, began slashing rates. The prime rate dropped to as low as 2.25% in 2009. Interest rates stayed low for ...

Canada’s facing a trade war with its largest partner, and it may send interest rates plunging. BMO Capital Markets wrote to ...

Yields on competitive CDs increased to historic highs in recent ... outside the current rate cycle. “The Federal Reserve raised interest rates at the fastest pace in 40 years during 2022 and ...

Kevin Nishmas is an expert financial content writer with a long and successful history of working ... and three-year GICs. The interest rate on a 3-year GIC in Canada can vary significantly.

How the Bank of Canada target rate change can affect Canadians renewing mortgages in 2025 and 2026 and 10 steps homeowners ...

With interest rates expected to decline further, along with economic uncertainties and U.S.-Canada trade tensions, Canadian ...

In its first cut of 2025, the Bank of Canada (BoC) lowered its key interest rate by 25 basis points. On Wednesday, the country’s central bank announced it had reduced the policy rate from 3.25% to 3%.

The quarter-point reduction marks a step down from the Bank of Canada’s moves to cut by an oversized 50 basis points in its two previous decisions.

The Bank of Canada is likely to cut interest rates by a quarter percentage point on Wednesday as officials lay out their analysis of how US tariffs might derail a soft landing for the Canadian economy ...

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