Doing the math and crunching the numbers when it comes to figuring out your loan's interest can be complicated. Here's how to calculate interest on a loan.

On Wednesday, the central bank increased its key interest rate to 0.50 per cent from a record low of 0.25 per cent. It’s the first rate hike since 2018.

For a variable-rate mortgage to exceed the cost of a fixed-rate mortgage, the overnight and prime rates would have to rise by roughly 1.75 percentage points.

On the other hand, if you currently have a variable-rate mortgage and only have one or two years left on your term. It could make sense to ride things out. That’s because you would have already had a ...

Fixed mortgage rates are heading back up, after having remained stubbornly high as variable rates came down. Just a short time ago, insured five-year fixed rates had dipped as low as 3.64%.

The best time to build a strategy for interest rate fluctuations is when they are still low — before the shock of a hike Scott Hannah Published Mar 04, 2019 • Last updated Mar 04, 2019 • 6 ...

Ask an Expert: Affinity Credit Union. In this segment they're helping you navigate the world of fixed and variable rate mortgages #sponsoredcontent ...

Suddenly, variable rates are almost on par with fixed rates, and forward rates in the bond market suggest they could dip below fixed rates by spring. In fact, if the Bank of Canada shows borrowers ...

If the Bank of Canada cuts rates five times this year, one expert predicts, variable rates will come out "slightly ahead" in 2024.

Joe’s variable rate is pegged at a discount of 0.6 per cent to the prime rate, a benchmark rate used by lenders. Based on the current prime rate of 3.95 per cent, Joe’s rate is 3.35 per cent ...

Historically, variable mortgage rates have trended below fixed rates. Currently, variable rates—which are tied to the central bank’s benchmark rate—remain above fixed rates.