Yesterday the Bank of Canada announced that it’s key interest rate will stay the same.
“The Bank of Canada kept its overnight rate target at 0.25% Tuesday and reiterated its conditional commitment to hold the current policy rate until the end of the second quarter of 2010. “The higher Canadian dollar, as well as ongoing restructuring in key industrial sectors, is significantly moderating the pace of overall growth,” the central bank said in a statement. The overall risks to the bank’s inflation projection are tilted slightly to the downside.”
More at: marketwatch.com
July 22nd, 2009 | Tags: bank of canada prime rate, bank of canada prime rate july 2009, canada prime rate | Category: Canada Prime Rate Updates | Leave a comment
I’ve added a page to Canada Prime Rate about how to get your credit report online. Just click on online credit report for more information.
Here’s an excerpt:
“There is another reason why you should go check out your credit report. Remember that the credit scoring institutions are not sacrosanct. They can make mistakes too. You have a right to ask for the correction of these mistakes. Once you have your credit report, you can find out about these. If there’s a payment that you didn’t make or a late payment mentioned that was actually on time, you could ask the credit reporting agency to rectify that mistake. When you submit such an application, the credit reporting agency must respond to you within 30 days. So, this is your chance to improve your credit report.”
June 13th, 2009 | Tags: credit report online, free credit report, Online Credit Report | Category: Online Credit Report | Leave a comment
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
June 4th, 2009 | Tags: bank of canada prime rate, canada prime rate, canada prime rate june 2009 | Category: Canada Prime Rate Updates, Canadian Mortgage Rates | Leave a comment
With the Canada prime rate at an all time low, mortgage rates have never been better.
Here are a few of the best 5 year Canadian mortgage rates as of today:
ING Direct – 3.84%
President’s Choice – 3.94%
I’ve added a new Canadian mortgage calculator to the site to help you determine monthly or accelerated payments for various interest rates and terms. Please check it out, it’s free to use.
May 24th, 2009 | Tags: Canadian Mortgage Calculator, Canadian Mortgage Rates | Category: Canadian Mortgage Calculator, Canadian Mortgage Rates | Comments (1)
The current prime rates at TD, ScotiaBank and BMO are currently the same as the Canada Prime Business Rate and are as follows:
TD Prime Rate: 2.250%
Effective Date APR 22, 2009
Scotia Prime Rate: 2.250%
Effective 22 April 2009
BMO Prime Rate: Prime Rate 2.250%
as of May 12, 2009.
May 12th, 2009 | Tags: BMO Prime Rate, canada prime rate, Scotia Prime Rate, TD Prime Rate | Category: BMO Prime Rate, Canada Prime Rate Updates, Scotia Prime Rate, TD Prime Rate | Leave a comment
The Bank of Canada Prime rate has never been lower. The Prime Business rate is currently 2.25%
CanadaPrimeRate.ca will keep you up to date on the Canadian prime rate as well as provide information on interest rates, mortgages and more.
Thanks for visiting.
May 1st, 2009 | Tags: bank of canada prime rate, canada prime rate | Category: Canada Prime Rate Updates | Leave a comment
