Banks cut prime rate to 4.95%, following Bank of Canada's lead
Royal Bank of Canada, Toronto-Dominion Bank, Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Laurentian Bank of Canada, Desjardins Group, National Bank of Canada and Equitable Bank announced Wednesday they would cut their prime rate,
U.S. trade ‘crisis’ will drive up prices, BoC warns after rate cut
The policy rate now stands at 2.75% after the central bank’s seventh consecutive rate cut. Later in the day, the country’s Big Six banks all announced they would decrease their prime rates, which are used to set interest rates on other loans, by a quarter-point to 4.95% from 5.20%, effective Thursday.
RBC Royal Bank is decreasing its prime rate by 25 basis points from 5.20 per cent per cent to 4.95 per cent per cent, effective March 13, 2025.
Your rate of return is directly tied to any increases or decreases with the Royal Bank Prime rate. RBC Equity-Linked GICs: May enjoy higher returns than the other GICs and you can choose ...
Royal Bank of Canada announced Wednesday afternoon that it was decreasing its prime rate by 50 basis points (bps) to 5.95 ...
Two of Canada’s largest banks say interest rates could fall faster and ultimately end up lower than previously predicted, as the consequences of a trade war with the U.S. are set to ripple through the ...
CIBC (TSX: CM) (NYSE: CM) today announced that it is lowering its Canadian prime lending rate by 25 basis points from 5.20 per cent to 4.95 per cent, effective Thursday, March 13, 2025.
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