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Bank of Canada cuts rate to 2.50% — what this means for your mortgage and housing costs
Canadians hoping for more relief on borrowing costs finally got their wish as the Bank of Canada announced a rate drop on its target rate on September 17, 2025. The BoC dropped its overnight rate by 0 ...
Desjardins's prime rate is 4.70%. The prime rate underpins variable-rate mortgage products. When the Bank of Canada adjusts its overnight rate, Desjardins's prime rate increases or decreases by the ...
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