The Fed’s short-term rates matter, but the main action now is in the 10-year Treasury market, which influences mortgages, ...

When you apply for a credit card, you'll be presented with several disclosures covering everything from card benefits and fees to the card's annual percentage rate (APR). Many people don't realize ...

The prime rate is a base rate set by Canadian banks to determine the variable interest rates they can charge on lending products, such as mortgages and loans. Many or all of the products featured ...

On February 11, it was reported that, despite the temporary halt in the CFPB’s operations, the Bureau’s tables for the Average Prime Offer Rate ...

For example, HELOC rates are typically tied to the prime rate, which is based on the federal funds rate set by the Federal Reserve. The Fed sets this rate based on its policy goals. When inflation ...

Inflation reached 12.7% in December 1974 and the economy entered into a recession. The prime rate was 6% in 1972 before the BoC began raising rates. It peaked at 11% in 1974–or so most people ...

Aggregate US debt is $101.353T, or 3.45x GDP, indicating a historically high leverage that risks recession. Read why ...

RBC’s prime rate was lowered to 5.2% on January 30, 2025. RBC’s prime rate is the basis for its variable-rate lending products, like mortgages, credit cards and lines of credit. When the Bank ...

Craig Sebastiano is a personal finance writer based in Toronto. He was previously the managing editor at Ratehub.ca and has written about credit cards, mortgages, banking, investing and investment ...