This means you cannot purchase travel insurance for a hurricane that has been named and is about to affect your travel plans. Some plans that offer coverage for natural disasters include a waiting period (usually 15-21 days), which begins at the planâs effective date of coverage.
Prime Rate. The prime rate, also known as the prime lending rate, is the annual interest rate Canadaâs major banks and financial institutions use to set interest rates for variable loans and lines of credit, including variable-rate mortgages. The prime rate in Canada is currently 2.95%.
Because most consumer interest rates are based upon the Wall Street Journal Prime Rate, when this rate changes, most consumers can expect to see the interest rates of credit cards, auto loans and other consumer debt change.The prime rate does not change at regular intervals.t should not be confused with the federal funds rate set by the Federal Reserve, though these two rates often move in tandem. The current rate is 3.25% (as of 11/25/2014). The print edition of the WSJ is generally the official source of the prime rate.