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Will the Bank of Canada cut interest rates this week?This tool allows you to make side-by-side comparisons of changes to the Bank Rate and the target for the overnight rate over time. Canadian Prime Rate: %. US Base Rate: %. Mortgages Rates, RRSP, RRIFs, RESPs & TSFA Rates at BMO. Rate History. Canadian Prime Rate. Date, Rate. October 24, , %. September 05, , %. July 25, , %. June 06, , %. July 13,