Budget 2019: Important Announcements for Student Aid - Canada.ca
Josh R

From: Employment and Social Development Canada On November 1, 2019, the variable and fixed interest rates on Canada Student Loans and Canada Apprentice Loans will be reduced. The variable rate will be reduced to prime (from prime plus 2.5 percent) and the fixed rate will be reduced to prime plus 2 percent (from prime plus 5 percent).