Prime Rate 2024 History Graph. As of august 2024, the prime rate has remained steady since july 26th, 2023. It influences other interest rates such as the prime rate, which is the rate banks charge.
The prime rate in canada today, october 5, 2024, is currently 6.45%. In recent history, the prime interest rate has been set at 3% over the high end of the range for fed funds.