What is prime interest rate in Canada

I just want to know what is the current prime interest rate in Canada and Which bank charges from  their customers on high amount  loans?

Comments 1

jot

The prime interest rate in Canada is 7.2%. As for which bank charges higher interest rates on loans, it is variable. It can depend on factors such as the type of loan, the borrower's creditworthiness, and prevailing market conditions. Banks may adjust their rates periodically, so it's advisable to check with specific financial institutions for the latest rates & terms.

0 Reply May 1, 2024

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