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 What is the prime lending rate in Canada?

Answer The prime rate is the best rate that banks give to their customers. It varies from bank to bank and changes over time, but right now, the prime rate is between 2.25 and 3.5 percent, depending on th... Read More »
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Top Q&A For: What is the prime lending rate in Canada

What is prime lending rate?

When a business borrows money from a bank, that business' stability and credit history determines its interest rate. Creditworthy businesses not only borrow money at low interest rates, they play a... Read More »
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What is the Canadian prime lending rate?

According to MoneyRates.com, the Canadian prime lending rate as of May 2010 was 2.25 percent, compared to the U.S. prime rate of 3.25 percent. The prime lending rate is the short-term rate that ban... Read More »
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What Is a Benchmark Prime Lending Rate?

The benchmark prime lending rate is one of many base rates on which banks price loans in the credit markets. The prime lending rate usually changes when the Federal Reserve alters the fed funds rat... Read More »
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What Is the Benchmark Prime Lending Rate?

The benchmark prime lending rate is a reference rate used by banks to price loans to customers. The rate is usually based on the federal funds rate, which is set by the Federal Reserve. As of early... Read More »
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