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 ...

Royal Bank of Canada, Toronto Dominion Bank, Canadian Imperial Bank of Commerce, Bank of Montreal, National Bank of Canada, ...

The Federal Reserve's prime rate affects the interest you pay on your credit card. Learn more about the prime interest rate ...

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

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

TORONTO, Jan. 29, 2025 /PRNewswire/ - Equitable Bank (the "Bank" or "Equitable"), Canada's Challenger Bank™, today announced it is reducing its prime lending rate by 25 basis points to 5.20% ...

It is called a “repurchase” rate because it is the interest that is deducted (“discounted”) when the banks buy back ...

The model projected that the rand - currently at R18.51/$ - would weaken to nearly R21 to the dollar, with domestic inflation ...

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 ...

Tokyo, Jan. 28 (Jiji Press)--Three major Japanese banks said Monday that they will raise their short-term prime lending rates by 0.25 percentage point in March following Friday’s decision by the ...