Prime Rate Today 2024 In Canada Today. The bank of canada today published its 2024 schedule for policy interest rate announcements and the release of the quarterly monetary policy report. The prime rate is the lending rate canada’s banks and financial institutions use to set interest rates for variable loans and lines of credit, including mortgages.

The prime rate in canada as of today is 6.45%. Expect prime rate at 6.2% by the end of 2024 and 5.45% by the end of 2025.