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TORONTO (Reuters) -Royal Bank of Canada, Toronto-Dominion Bank and Bank of Montreal said on Wednesday they will raise their prime lending rates for the first time since October 2018, after the ...
For instance, if the BoC target rate is 4.5%, then the prime rate at a Big 6 Bank would be closer to 6.5%. This doesn't mean that all borrowers will get a loan that charges 6.5% interest.
We have the best deal of anyone in the world right now,” Carney told reporters in Ottawa, noting that the average U.S. tariff rate on Canadian goods is 5.6 percent, the lowest among America’s trading ...