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

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 ...

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 ...

If you pay attention to financial news, you may have heard the term “prime rate” and wondered what it meant. You might have even confused it with the federal funds rate or your loan’s ...

BMO’s prime rate was lowered to 5.25% on January 30, 2025, following the Bank of Canada rate announcement. BMO’s prime rate is the basis for its variable-rate lending products, like mortgages ...

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

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

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 ...

Who benefits from the latest Bank of Canada rate announcement? Learn how to use the latest rate drop to boost your financial ...

Try refreshing your browser, or tap here to see other videos from our team. The banks said they would decrease the prime rate by 25 basis points from 5.45 per cent to 5.20 per cent just hours after ...

The federal funds rate and mortgage interest rates are often expected to move together, but they haven’t lately. Here’s why.

China’s commercial lenders held benchmark lending rates on Monday, the People’s Bank of China said. The one-year loan prime rate held steady at 3.1%, while the five-year rate remained at 3.6% ...