Several Banks match Bank of Canada with 50 basis point cut to prime interest rate
(March 10, 2020)
Several Canadian banks and financial institutions have dropped their prime lending rate by 50 basis points to 3.45 per cent, effective March 5.
The moves by the Royal Bank, Toronto-Dominion Bank, Scotiabank and the Desjardins Group match the Bank of Canada’s decision Wednesday to drop its key lending rate by 50 basis points, which was itself a matching of what the U.S. Federal Reserve had cut a day... read more.
(March 03, 2020)
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