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How to View your Daily Transaction Limits on BMOAs of November 8, , Bank of Montreal's prime rate is currently %. This prime rate is used for BMO's variable-rate loans. Prime & Base Rates at BMO. Canada Prime Rate: %. CAD Deposit Reference rate: %. USD Deposit Reference rate: %. US Base Rate: % %. Nov 8, BMO mortgage rates tend to be competitive with those at other Big Six banks. BMO's prime rate is %. Many or all of the products featured here.