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EQ is currently offering a the prime rate is 5. The Bank of Canada first cut its key overnight rate.

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BMO Forecast Puts Interest Rate at 3.5% by January
Canadian Prime Rate: %. US Base Rate: %. Mortgages Rates, RRSP, RRIFs, RESPs & TSFA Rates at BMO. BMO Bank of Montreal today announced that it is decreasing its CDN$ prime lending rate from per cent to per cent, effective July 25, 23, /CNW/ - BMO Bank of Montreal today announced that it is decreasing its CDN$ prime lending rate from per cent to per cent.

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As of Today, November 9th, From March to July , for example, homeowners with variable-rate mortgages saw their rates increase basis points. If you opt for a variable rate on your BMO mortgage, the rate could rise or fall many times during your term.