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KM Financial Solutions | UPDATE 3-RBC to cut Canada prime rate to 3.45%, rivals follow
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UPDATE 3-RBC to cut Canada prime rate to 3.45%, rivals follow

04 Mar UPDATE 3-RBC to cut Canada prime rate to 3.45%, rivals follow

Posted at 00:19h in News by
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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.

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