BMO’s prime rate is the basis for its variable-rate lending products, like mortgages, credit cards and lines of credit. When the Bank of Canada adjusts its overnight rate, BMO’s prime rate ...
BMO offers both a Smart Fixed closed mortgage and a fixed-rate closed mortgage. Here’s the difference between the two: With any closed mortgage, you can prepay a certain amount each year without ...
Even after a second consecutive 50-basis-point interest rate cut on Wednesday, some experts warn fixed mortgage rates in Canada will not move materially lower.
The bank's mortgages also did not rank among our top picks. Earn a $300 Cash Bonus when you open a new BMO Smart Advantage Checking account and have $4,000 in qualifying direct deposits within 90 ...