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How a 2% interest rate could impact mortgage ratesFinancial markets see the Bank of Canada's terminal rate at per cent, but a number of Canadian economists are predicting the rate will go. Today's Royal Bank of Canada Prime Rate: Term, Posted Rates. RBC Prime Rate, % Royal Bank of Canada prime rate is an annual variable rate of interest. The Bank of Canada cut its key interest rate to per cent on October 23 � its fourth consecutive cut in a long-awaited monetary policy easing cycle.
