BMO Bank of Montreal Increases CDN$ Prime Lending Rate to 6.70 Per Cent

Logo PR Newswire
PR Newswire

TORONTO, Jan. 25, 2023 /CNW/ - BMO Bank of Montreal today announced that it is increasing its CDN$ prime lending rate from 6.45 per cent to 6.70 per cent, effective January 26, 2023.

About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $1.14 trillion as of October 31, 2022, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

SOURCE BMO Financial Group

Logo PR Newswire
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Jan. 24, 2023 /CNW/ - Bank of Montreal (TSX:BMO, NYSE:BMO...

Logo PR Newswire
TORONTO, Jan. 25, 2023 /CNW/ - RBC Royal Bank is increasing its prime rate by 25 basis points to 6.70 per cent from 6.45 per cent, effective January 26, 2023.

Logo PR Newswire
TORONTO, Jan. 25, 2023 /CNW/ - TD Canada Trust today announced that it has increased its TD Prime Rate by 25 basis points to 6.70% per cent, effective...

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-25 15:16:58
With persistent excess demand putting continued upward pressure on prices, the Bank of Canada on Wednesday announced its decision to raise interest rates by...

Logo CBC
Business / FinanceBy Pete Evans2023-01-25 15:00:21
The Bank of Canada has raised its benchmark interest rate again, to 4.5 per cent. The move was widely expected by economists as the bank triesto wrestle...

Logo GlobeNewswire
PoliticsPress Release2023-01-25 15:19:00
Bruske: With inflation moderating, Bank of Canada has no excuse to further burden Canadians OTTAWA, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Canadas unions are...

Logo Benzinga
Business / FinanceBy Business Wire2023-01-24 21:32:00
Bimini Capital Management, Inc. BMNM ("Bimini" or the "Company"), today announced that it will release results for the fourth quarter of 2022 following the...

Logo PR Newswire
HealthPress Release2023-01-25 16:20:00
DUBLIN, Jan. 25, 2023 /PRNewswire/ -- The "North America Large Molecule Drug Substance CDMO Market Size, Share & Industry Trends Analysis Report By...

Logo American Banker
Business / FinanceBy Orla Mc Caffrey2023-01-24 23:25:55
Columbia Banking System expects loan growth in the low- or mid-single digits this year, executives said Tuesday. A higher net interest margin coupled with...

Logo GlobeNewswire
TORONTO, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (the Company) is pleased to announce it will undertake an offering of Preferred Shares and...

Logo GlobeNewswire
TechnologyPress Release2023-01-24 21:36:00
DALLAS, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Blucora, Inc. (Blucora or the Company) (NASDAQ: BCOR) announced today that the Company and certain of its...

Logo American Banker
Business / FinanceBy Jordan Stutts2023-01-19 01:08:00
BMO Financial Group is finally moving out west. Now that the Canadian bank has received U.S. regulatory approval for its $16.3 billion purchase of Bank of...

Logo PR Newswire
TechnologyPress Release2023-01-25 13:40:00
Customer demand drives wavelength network investment in 2023 DENVER, Jan. 25, 2023 /PRNewswire/ -- Businesses need two things to grow their digital platforms...

Logo Benzinga
Business / FinanceBy Business Wire2023-01-25 18:55:00
Brunswick Bancorp ("Brunswick" or "the Company") (OTC: "BRBW"), the holding company for Brunswick Bank and Trust ("the Bank"), today reported its financial...

Logo RTTNews
EconomyBy Rtt News Staff Writer2023-01-25 12:58:46
Canadian shares are likely to open with a negative bias on Wednesday, reacting to disappointing earnings updates from some top U.S. companies, and on...

Logo Channel NewsAsia
Business / FinanceBy Cna2023-01-25 02:48:31
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide BENGALURU :...

Logo Nasdaq
Business / FinanceBy Rtt News2023-01-25 17:15:16
(RTTNews) - After opening notably lower and declining further down, the Canadian market regained some lost ground Wednesday morning, but still remains in...

Logo Nasdaq
Business / FinanceBy Mt Newswires2023-01-24 20:57:12
Financial stocks were edging higher in late Tuesday trading, with the NYSE Financial Index up 0.1% and the Financial Select Sector SPDR Fund (XLF) still...

Logo Nasdaq
Business / FinanceBy Bnk Invest2023-01-19 16:55:49
Investors in Bank of Montreal (Quebec) (Symbol: BMO) saw new options become available today, for the September 15th expiration. One of the key inputs that...

Logo PR Newswire
PALATINE, Ill., Jan. 25, 2023 /PRNewswire/ -- Cornerstone Bancorp, Inc. (OTC Pink: CNBP), the bank holding company for Cornerstone National Bank & Trust...