Canada Prime Rate June 2009

The Canada prime rate for June 2009 stands at 2.25%.

No change from May 2009 and the July 2009 Bank of Canada prime rate is expected to remain the same.

” The Bank of Canada may keep its benchmark lending rate at a record low today and renew a vow to freeze borrowing costs until mid-2010 as a surging Canadian dollar hurts exporters and threatens to prolong the first recession in 18 years.

The target rate for overnight loans between commercial banks will remain at 0.25 percent in a decision due at 9 a.m. today New York time, according to all 22 economists surveyed by Bloomberg News.”

Full story at Bloomberg.com