UPDATE 2-RBC to cut Canada prime rate to 3.45%, rivals follow
Royal Bank of Canada said on
Wednesday it would cut its prime rate to 3.45% from 3.95% in its
first reduction since July 2015, with the country’s other
lenders expected to follow suit, even as the moves weigh on
margins already under pressure.
Wednesday it would cut its prime rate to 3.45% from 3.95% in its
first reduction since July 2015, with the country’s other
lenders expected to follow suit, even as the moves weigh on
margins already under pressure.
Posted by Reuters
