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Bank Prime Rates in Canada

Bank prime rates in Canada are the main influence on variable mortgage rates. As Canadian banks such as RBC, TD and BMO change their prime rates, variable mortgage rates also change. You can find all the bank prime rates below.

Bank Prime Rate Change % Last Prime Rate Change Compare Mortgage Rates
BMO Bank of Montreal
BMO Bank of Montreal
2.45% 0.50% March 30, 2020 Compare Rates
CIBC
CIBC
2.45% 0.50% March 30, 2020 Compare Rates
HSBC Bank Canada
HSBC Bank Canada
2.45% 0.50% March 30, 2020 Compare Rates
Royal Bank of Canada
Royal Bank of Canada
2.45% 0.50% March 30, 2020 Compare Rates
Scotiabank
Scotiabank
2.45% 0.50% March 30, 2020 Compare Rates
TD Canada Trust
TD Canada Trust
2.45% 0.50% March 30, 2020 Compare Rates