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%.
The prime lending rate is the loan interest rate that a financial institution uses as a base to calculate interest rates.Today's Royal Bank of Canada Prime Rate: 2.700%.he prime lending rate is the loan interest rate that a financial institution uses as a base to calculate interest rates.