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All of Canada’s Big Six banks have raised their prime rates to 3.70%, effective today!

All of Canada’s Big Six banks have raised their prime rates!

After the central bank’s announcement yesterday, Royal Bank of Canada, TD Canada Trust, Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce and National Bank all said they will increase their prime rate by a quarter of a percentage point to 3.70%, effective today!  Financial Post

 

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