The Bank of Canada (BoC) brought its key interest rate down by 0.25 per cent to three per cent in 2025's first update in ...

Over the years, the Bank of Canada has adjusted the way it sets its key interest rate. Following is a brief history of the key rate from the Bank’s founding in 1935 until the present. The original key ...

Paul Volcker wanted to tame inflation and the Bank of Canada followed suit. The prime rate, which had fallen to 12.25% in July 1980 jumped to 22.75% by August 1981. A five-year fixed rate mortgage ...

The Bank of Canada (BoC) delivers a widely expected 25 basis points rate cut, bringing interest rates down to 3.00% on Wednesday. This reduction in rates comes at a slower pace after back-to-back ...

Fiona Campbell is an editor with Forbes Advisor Canada. She started her career on Bay Street, but followed her love for research, writing and a good story into journalism. She is the former editor ...

We break down what you should know about HISAs and give you our picks for the most competitive interest rates in Canada. High-interest savings account (HISA) HISA rate EQ Bank Personal Account* 1. ...

When the Bank of Canada adjusts its overnight rate, BMO’s prime rate increases ... to assess your credit score and review your credit history. Hard inquiries may lead to a temporary dip in ...

Cancel any time. OTTAWA - Economists are more confident the Bank of Canada might pause its interest rate cuts next month — tariffs notwithstanding — as Canada's annual inflation rate ticked ...

Canada’s jobless rate has fallen for two consecutive months, as it dropped to 6.8 per cent in December from a recent peak of 6.9 per cent in November. Prior to that, the unemployment rate had been on ...