Current Prime Rate May 2024. The fomc has voted to lower the target range for the fed funds. Canada prime rate (i:cpr) 5.95% for wk of nov 06 2024

As of right now, our odds are at 90% (very likely) the federal open market committee (fomc) will vote to keep the benchmark target range for the fed funds rate at. The prime rate typically changes a day or so after a change in the federal funds rate.