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.

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 ...

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.

Someone with a variable-rate mortgage starting at 6.1 per cent would end up with an effective rate of 4.1 per cent by that point, while a fixed-rate holds steady around 4.99 per cent, in this example.

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 ...

Whether fixed or variable, higher mortgage rates means higher loan costs and this is particularly true after the Bank of Canada increased the overnight rate by 1% since the start of 2022. Based on ...

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%.

TD’s deal is sizzling — for a variable rate anyway. It’s a cool 54 bps below the next lowest rate from a nationally advertising variable-rate lender. And it’s the best widely available uninsured ...

Knowing the current student loan interest rates and ranges for 2025 can help you figure out how much it could cost to borrow money for a college education.

When a variable-rate HELOC is too risky If you have unpredictable income, lots of debt or are low on savings, a HELOC with a variable interest rate is likely too big a risk for your finances ...