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 ...

As the BoC’s interest rate decisions influence the prime rate, the ‘Big Six Banks ... Ethan Currie and Warren Lovely, economists, National Bank of Canada: “Prior to the decision, our ...

Prime Minister Mark Carney’s Liberal Party ... He then transitioned into public service. He joined the Bank of Canada in 2003 as a deputy governor and in 2004 became senior associate deputy ...

Prime Minister Mark Carney’s Liberal Party has won Canada ... He then transitioned into public service. He joined the Bank of Canada in 2003 as a deputy governor and in 2004 became senior associate ...

OTTAWA, April 30 (Reuters) - The Bank of Canada discussed whether to cut rates ... they had the flexibility to reduce the policy interest rate further to support growth," the minutes cited the ...

Some members of the Bank of Canada‘s governing council discussed cutting the central bank’s policy rate by 25 basis points, ...

After seven consecutive cuts, the Bank of Canada (BoC) is maintaining the key interest rate at 2.75 per cent ... Meanwhile, lower gas prices and Prime Minister Mark Carney’s decision to remove ...

Canada’s inflation rate surprisingly cooled in March as ... as Canadians pulled back abruptly on U.S. travel in prime time,” said Bank of Montreal chief economist Doug Porter in a client ...

On Wednesday, the Bank of Canada decided to make borrowers wait for more relief, halting rate cuts for the first time in eight meetings. That left the benchmark prime rate stuck at 4.95 per cent, more ...