Current National Rates
Bank of Canada Overnight Rate
0
%
As of: April 13, 2022
The overnight rate is the interest rate at which major financial institutions borrow and lend one-day (or “overnight”) funds among themselves; the Bank sets a target level for that rate.
Prime Rate of Interest
0
%
As of: April 13, 2022
The prime interest rate, or prime lending rate, is largely determined by the federal funds rate, which is the overnight rate that banks use to lend to one another. Prime is the rate that banks lend to their very best business / commercial customers.