Canada’s largest banks have lowered their prime rates by 25 basis points, matching the Bank of Canada’s latest rate cut, ...
While a Fed rate cut is big news, consumers might only be expected to see slight relief when it comes to much borrowing.
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How does the prime interest rate affect you?
Credit card lenders add a margin to the prime rate to arrive at your card’s variable APR. The prime rate impacts the cost of credit on consumer loans, including credit card accounts, with the ...
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