Where the prime rate is today, and what sets it
Chartered-bank prime, the overnight target it tracks, and the spread between them. The Bank of Canada publishes both.
4.45%
4.45%
unchanged since August 12, 2026A variable purchase rate is almost always written as prime plus a margin the issuer chose. When prime moves, that floor moves under every such card at once.
Last checked Oct 1, 2026, 17:30.
- 2.25%
- +2.20 pts
A table of the same 8 values follows, for anything that cannot read the chart.
Read the change historyThe same 8, as a table
| Effective date | Value | Change (pts) |
|---|---|---|
| September 30, 2026 | 4.45% | 0 |
| September 23, 2026 | 4.45% | 0 |
| September 16, 2026 | 4.45% | 0 |
| September 9, 2026 | 4.45% | 0 |
| September 2, 2026 | 4.45% | 0 |
| August 26, 2026 | 4.45% | 0 |
| August 19, 2026 | 4.45% | 0 |
| August 12, 2026 | 4.45% | – |
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