Explore the significance of the bank's prime rate and the WSJ prime rate today. Learn its importance as a benchmark for various loans and credit lines.
What is the prime rate and how does it impact your card’s interest rate? Your card’s variable rate fluctuates with the prime rate
Learn about the history of the prime rate in Canada.
The term prime rate refers to the interest rate that large commercial banks charge on loans and products held by their customers with the highest credit rating.
TD Canada Trust today announced that it has decreased its TD Prime Rate by 25 basis points to 6.70%, effective July 25, 2024.
Using intraday data, we find that bank announcements of changes in the prime rate have significant effects on Dow Jones stock price indexes and yields in the Treasury bill futures market....
The prime rate influences interest rates on loans, credit cards and other types of accounts. Here's how it's determined and how it affects you.
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A reference rate uses benchmarks, like the prime rate and the SOFR, to set other interest rates.
The current prime rate is 8.50%, unchanged since it increased from 8.25% on July 27, 2023. The July increase was the 11th increase since the prime rate began climbing on March 17, 2022, one day aft...