RBC’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, RBC’s prime rate ...

are advertised discounts off posted rates. Switch your mortgage to RBC and get up to $5,700 in value (up to $3,500 cash, a rebate in your switch fees of up to $1,100 and 55,000 Avion points).

The BoC’s mega-cuts in October and December didn't change the game for home buyers. Today’s 25-basis point reduction probably ...