Written by 1:41 PM Interest Rates • 18 Comments Views: 51

TD Raises Prime Rate To 2.75%

TD-Bank TD is the first big bank out of the gate. It just raised its prime lending rate by 1/4 point to 2.75%.

The change takes effect tomorrow.

TD was the first of the Big 5 to raise prime after the June 1 BoC meeting as well.

Other banks will likely follow later today or tomorrow.

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Last modified: April 26, 2014

Robert McLister is one of Canada’s best-known mortgage experts. A mortgage columnist for The Globe and Mail, interest rate analyst and editor of MortgageLogic.news, Rob has been covering Canada's mortgage market since 2007.

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