Bank of Canada cuts interest rate
CIBC (TSX: CM) (NYSE: CM) today announced that it is lowering its Canadian prime lending rate by 25 basis points from 5.20 per cent to 4.95 per cent, effective Thursday, March 13, 2025.
This is especially true in today’s environment, even though the Bank of Canada is starting to soften its high key overnight lending rate. High rates impact new homebuyers entering the market ...
Arrears prove Canada’s market is safer. Despite a bubblicious home price run-up pre-March 2022, rising unemployment and the biggest proportionate increase in rates since 1982, only 21 out of 10,000 ...
The best defence for your finances in a trade war is having cash in savings accounts. But by lowering its overnight rate on ...
Conversely, when the prime rate drops ... interest rate on your mortgage will fluctuate with the Bank of Canada’s key lending rate. It can be. Equitable Bank advertises mortgage ...
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