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Canadian Homebuyers Waiting for Bank of Canada to Cut Rates: Canadian MediaMinimum credit score, to , to ; Minimum down payment, 1% to %, 0% to % ; Loan products and programs, Conventional FHA Jumbo. Prime & Base Rates at BMO. Canada Prime Rate: %. CAD Deposit Reference rate: %. USD Deposit Reference rate: %. US Base Rate: % %. To receive a % rate discount, you must authorize BMO at origination to withdraw your loan payment each month from your BMO consumer checking account.