Our opinions are our own. The prime rate is a base rate set by financial institutions in Canada to determine the variable interest rates they can charge on lending products, such as mortgages and ...

OTTAWA — The Bank of Canada lowered its benchmark interest rate by a quarter point on Wednesday as the tariff battle with the United States starts to weigh on the Canadian economy.

BMO’s prime rate was lowered to 4.95% on March 13, 2025, following the latest Bank of Canada rate announcement. BMO’s prime rate is the basis for its variable-rate lending products ...

The banks said they would decrease the prime rate by 25 basis points from 5.20 per cent to 4.95 per cent just hours after Canada’s central bank cut its interest rate by a quarter point to 2.75 per ...

OTTAWA (Reuters) - Canada will cancel a proposed tax increase in the capital gains inclusion rate, Prime Minister Mark Carney ...

The start of the Government of Canada's planned federal capital gains tax hike will no longer be deferred, as it will now be ...

TORONTO (AP) — Canada’s next prime minister has already helped run ... financial crisis by acting quickly in cutting interest rates to their lowest level ever of 1%, working with bankers ...

Prime Minister Carney announced that the Government of Canada will cancel the proposed hike in the capital gains inclusion ...

Former central banker Mark Carney will become prime minister after the governing Liberal Party elected him its leader Sunday in a landside vote with 85.9% support.

Positioning himself as a political outsider, Carney promised to scrap the consumer carbon tax Canadians pay on fuels such as ...

Canada’s soon-to-be prime minister (59) has held Irish and British citizenship for years but intends to renounce them ...