RBC leads big banks to cut prime rate to 5.95% following Bank of Canada [Financial Post (Toronto, Ontario, Canada)]
Royal Bank Of Canada (RY)
Last royal bank of canada earnings: 2/21 06:00 am
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Source: Financial Post
Canada's big banks cut their prime rates following the lead of the Bank of Canada Wednesday. Royal Bank of Canada announced Wednesday afternoon that it was decreasing its prime rate by 50 basis points (bps) to 5.95 per cent from 6.45 per cent, effective Oct. 24. RBC was followed by Fédération des caisses Desjardins du Québec and Toronto-Dominion Bank , which also cut by 50 bps. The Bank of Canada cut its benchmark lending rate by 50 basis points to 3.75 per cent. Share this article in your social network
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Earnings
- 8/28/24 - Beat
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Sec Filings
- 11/5/24 - Form 424B2
- 11/5/24 - Form FWP
- 11/5/24 - Form FWP
- RY's page on the SEC website