Friday, October 26, 2018

The cost of loans linked to the big bank prime rates are headed higher in the wake of the Bank of Canada's October 24th decision to raise its key interest rate target by a quarter of a percentage point.The Royal Bank of Canada, Bank of Montreal, CIBC and TD Canada Trust said they are raising their prime rates by a quarter of a percentage point in the wake of the central bank decision.The big four Canadian banks each raised their prime lending rates to 3.95 per cent from 3.70 per cent, effective October 25th. https://business.financialpost.com/news/fp-street/rbc-raising-prime-rate-to-3-95-per-cent-following-bank-of-canada-decision Mortgages Red Deer at //shoplocal.ly/01YT7l

Posted at 01:57 PM