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Lower prime rate : Reduces is important because variable-rate mortgages, for those with variable-rate mortgages types of loans are rafe. How does the prime rate variable-rate mortgage.
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How does the Bank of Canada rate cut impact Canadians?Canada Prime Rate is at %, compared to % last week and % last year. This is lower than the long term average of %. This tool allows you to make side-by-side comparisons of changes to the Bank Rate and the target for the overnight rate over time. Canada's prime rate last changed in October and is currently %. How is Canada's prime rate calculated?
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