Home Economy Royal Bank, CIBC, TD, Laurentian and more raise prime rate

Royal Bank, CIBC, TD, Laurentian and more raise prime rate

by Financial Post Staff

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By Wednesday afternoon Royal Bank of Canada, CIBC, TD Canada Trust, Laurentian Bank of Canada, Bank of Nova Scotia, Bank of Montreal, Equitable Bank and HSBC Bank Canada had all announced they were increasing the prime rate by 50 basis points to 5.95 per cent from 5.45 per cent, effective Oct. 27.

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