Prime Rate Today 2024 In Canada July

Prime Rate Today 2024 In Canada July. The current canada prime rate is equal 6.95%. The prime rate or prime lending rate is what canadian banks and financial institutions use to set the interest rate on their variable interest.

Again, the banks cut their prime rate to 6.70%. In the immediate aftermath of today’s rate cut, canada’s prime rate will decrease from 6.95% to 6.7%, with consumer lenders passing that discount onto their.