Archive for prime rate canada
Canada Prime Rate Up 0.25% Today
Posted by: | CommentsAs was widely expected, the Bank of Canada raised its key lending rate by 0.25% this morning.
This brings the rate to 0.75%.
The next rate announcement will be in September and another rise is likely according to analysts.
I’ve added some links below that may help you find the lowest mortgage rates possible for your own situation.
Click here to check on the major bank mortgage rates. These rates will be updated as necessary.
Click here to read my mortgage story and find out how my family is saving thousands in interest.
Click here to get a free online credit report and credit score with a credit monitoring trial offer.
Bank of Canada likely to raise prime rate Tuesday
Posted by: | CommentsAccording to a poll last week by Reuters, the Bank of Canada is likely to raise its overnight interest rate Tuesday by 0.25%. This will bring the Canada prime rate up to 0.75%.
Check back here tomorrow morning to get the latest interest rate increase news.
Now might be a good time to investigate how you could save on your mortgage. Click here to find out how my family is saving more than we thought possible.
Tags: Canada Prime Rate Updates, Canada prime rate July 2010, canada prime rate today, Bank of Canada interest rate announcement June 2010, bank of canada, interest rates, prime rate canadaBank of Canada Interest Rate Announcement June 1
Posted by: | CommentsThe Bank of Canada has announced an increase of 0.25% in the Canada prime rate. The new interest rate is now 0.50%
This increase was widely anticipated and is the first interest rate increase in 3 years. Balancing growth and the possibility of inflation were two major factors to consider.
We’ ll follow up later today with any changes to mortgage rates from the TD, RBC and BMO.
Canada Prime Rate Announcement – April 2010
Posted by: | CommentsAs expected, the Bank of Canada has held its overnight rate steady at 0.25%. Most analysts expect a rate increase in either June or July at the latest.
The major banks are expected to keep their prime rates the same as well. The rates below are effective April 22, 2010.
TD Prime Rate – 2.250%
BMO Prime Rate – 2.250%
ScotiaBank Prime Rate – 2.250%
Royal Bank Prime Rate – 2.250%
Tags: BMO Prime Rate, Canada Prime Rate April 2010, TD Prime Rate, Scotia Prime Rate, prime rate canadaBank of Canada Prime Rate Announcement Pending
Posted by: | CommentsThere will be a Bank of Canada announcement today at 9 AM concerning the Canada prime rate. Please check back after that for the latest on today’s Canadian prime rate.
The target overnight rate is expected to remain at 0.25%
Tags: canadian prime rate, bank of canada prime rate, bank of Canada announcement, Canada Prime Rate Updates, prime rate canadaPrime Rate Held at 0.25%
Posted by: | CommentsThe Bank of Canada has held its key interest rate at 0.25% as of this morning. This was widely expected as the Bank has stated that it wants to keep rates down until at least this summer.
Tags: canadian prime rate, Canada prime rate March 2010, bank of canada prime rate, canada prime rate, prime rate canada
