5 big banks increase Prime Rates of interest.

Published on : July 14, 2017 8:34


The five biggest banks have increased their prime interest rates following Bank of Canada’s move of increasing its key interest rate.

Effective from July 13, the prime rate at 5 banks-Royal Bank of Canada, TD Canada Trust, Bank of Montreal, Scotiabank and CIBC will rise to 2.95% from 2.7 % matching the .25 percentage of Bank of Canada.
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