A Team of Experts
Get expert tips and guidance from a community of renown personal finance experts right here at Loans Canada. We're here to help you stay informed so you can make the best financial decisions.
Latest interest rate Articles
What Is Compound Interest?
By Steven Brennan
Updated on February 5, 2025
What is compound interest? How does it affect your payments, interest payable and your overall debt?
What Is A Credit Card Minimum Payment?
By Lisa Rennie
Updated on February 3, 2025
Everything you need to know about your credit card's minimum payment and how it can create a cycle of debt.
What Is The Prime Rate In Canada?
By Sandra MacGregor
Updated on January 29, 2025
What exactly does prime rate mean and how can it have such a potentially powerful impact on your life?
Bank Of Canada Lowers Interest Rates: What It Means For Fixed And Variable Mortgage Rates
By Sean Cooper
Updated on January 29, 2025
With the Bank of Canada cutting interest rates again, let’s recap what happened. There’s also a lot of confusion about variable and fixed mortgage rat...
How Will The Bank Of Canada’s Interest Rate Cut Affect You?
By Maidina Kadeer, BA
Updated on January 29, 2025
The interest rates set by the Bank of Canada, also known as the ‘bank rate’, is a key factor in determining the cost of borrowing money.
Best Personal Loan Interest Rates In Canada
By Bryan Daly
Updated on January 2, 2025
Looking for a personal loan with a low interest rate? Find out where you can get the best personal loan interest rates in Canada.
What Is The Average Car Loan Interest Rate In Canada?
By Chrissy Kapralos
Updated on January 2, 2025
Interest rates have a strong effect on the total amount of money you pay for your car loan. Check out the car loan rates available in Canada.
How To Lower Your Car Loan Interest Rate
By Lisa Rennie
Updated on January 2, 2025
The interest rate your lender charges you on your car loan has the biggest impact on your total loan cost. Find out how to secure the lowest rate poss...
What Is A Good Interest Rate On Car Loan?
By Bryan Daly
Updated on January 2, 2025
Learn what's considered a good car loan interest rate in Canada and how you can secure a good interest rate on a car loan.
How Lenders Set Their Interest Rates (and How to Beat Them)
By Bryan Daly
Updated on November 18, 2024
Ever wonder how lenders set their interest rates? We've answered the most commons questions about interest rates to help you get the best rate and sav...
The Lowest Mortgage Rate Might Not Be What You Need
By Lisa Rennie
Updated on November 18, 2024
When shopping around for a mortgage that works for you, the lowerst interest rate might not be your best options. Find out why.
The 3 Main Factors Influencing The Bank of Canada’s Interest Rates
By Sean Cooper
Updated on July 24, 2024
Find out how inflation, unemployment, and GDP significantly shape the Bank of Canada's decisions on the key interest rates changes.
