Banks lower prime rates in line with Bank of Canada rate cut Business

by sylpho4u · July 25, 2024

Banks lower prime rates in line with Bank of Canada rate cut Business- Canadian financial institutions say they are lowering their prime lending rates to match the decrease announced by the Bank of Canada. The central bank lowered its key interest rate by a quarter percentage point Wednesday to 4.5 per cent. All of the big six banks including RBC, TD, BMO, Scotiabank, …

Source: castanet.net