RBC and TD Bank cut prime rate to 4.45% following Bank of Canada’s lead

13 hours ago 1

The prime rate will drop from 4.70% to 4.45%

Article content

Royal Bank of Canada and TD Canada Trust followed the lead of the Bank of Canada Wednesday and cut their prime rates by 25 basis points.

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
Daily content from Financial Times, the world's leading global business publication.
Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
Daily puzzles, including the New York Times Crossword.

SUBSCRIBE TO UNLOCK MORE ARTICLES

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
Daily content from Financial Times, the world's leading global business publication.
Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
Daily puzzles, including the New York Times Crossword.

Create an account or sign in to continue with your reading experience.

THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.

Create an account or sign in to continue with your reading experience.

Sign In or Create an Account

Article content

Effective Oct. 30, the prime rate will drop from 4.70 per cent to 4.45 per cent.

Article content

The Bank of Canada reduced its benchmark policy rate by a quarter point to 2.25 per cent Wednesday.

Article content

More to come …

Article content

Advertisement 1