Banks raise prime rate after Bank of Canada interest rate increase
Financial Post ·
Prime rises by 25 basis points to 4.70 per cent
The Royal Bank of Canada, Toronto-Dominion Bank, the Bank of Montreal, the Canadian Imperial Bank of Commerce, Bank of Nova Scotia and the National Bank of Canada have hiked their prime rates by 25 basis points to 4.70 per cent in response to the Bank of Canada ’s latest policy rate increase . Read More