RBC, TD raise prime rate after Bank of Canada interest rate increase

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RBC and TD Bank have hiked their prime rate by 25 basis points to 6.7% after the Bank of Canada’s latest policy rate increase. Read on.

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RBC and TD announced the change the afternoon of Jan. 25. The central bank boosted its policy rate 25 basis point to 4.5 per cent earlier in the day.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way.

 

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