interest rate

By Rick MacDonnell for GoAuto.ca Getting a good interest rate with your auto loan involves a lot more than just having a high credit score. Your credit score is the most important piece of the puzzle, … Read More

Reiterating its “gradual” approach to raising interest rates, the Bank of Canada announced Wednesday morning it’s keeping its target overnight lending rate at 1.25%. “Global economic activity remains broadly on track with the bank’s April forecast. … Read More

Even with the Bank of Canada standing pat on hikes (for now), it’s all about interest rates this month as consumers anticipate the next turn of the screw on higher borrowing costs. Here are some personal … Read More

In its last rate announcement of the year, the Bank of Canada said Wednesday it’s holding its overnight lending rate at 1% amid below-target inflation and the “evolution of the risks and uncertainties” around international trade … Read More

Here are some stories that caught our eye this week: Bank of Canada increased overnight rate target to 1% This week’s biggest financial news story came on Wednesday when the Bank of Canada announced a 0.25 … Read More

Here’s why most people don’t bet on horse races: Because sometimes the favourite steed might have strong odds but still loses.

In a previous post, we looked at the relationship between the prime rate and savings account interest rates. But what about the linkage between the prime rate and GIC rates?

You can be forgiven if you’re a bit confused by all the different interest rates that get quoted in the news. There are long-term bond rates, short-term bond rates, posted mortgage rates, and savings account rates, … Read More

Credit card interest rates can be a key factor in deciding which credit card is best for you. Low interest credit cards are ideal for those who tend to carry a balance month to month as … Read More

People are worried about interest rates going up. Maybe they should start worrying about interest rates going down—a more likely scenario.