Canada Prime Rate Announcement – April 2010
As expected, the Bank of Canada has held its overnight rate steady at 0.25%. Most analysts expect a rate increase in either June or July at the latest.
The major banks are expected to keep their prime rates the same as well. The rates below are effective April 22, 2010.
TD Prime Rate – 2.250%
BMO Prime Rate – 2.250%
ScotiaBank Prime Rate – 2.250%
Royal Bank Prime Rate – 2.250%
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