Bank of Canada’s Prime Rate Decrease: What It Means for PEI
What just happened—and why On October 29, 2025, the Bank of Canada cut its policy rate by 0.25% to 2.25%, citing a softer economy, easing inflation pressures, and a weaker job market. Canada’s big banks promptly trimmed their prime rate by 0.25 percentage points to about 4.45%, which feeds through to variable-rate loans and lines […]
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