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RBC, BMO lowered its interest rate from 3.89% to 3.74%

January 23, 2019

Royal Bank of Canada(RBC) was the first of the big Canadian banks to lower its rate last week. This week, The Bank of Montreal(BMO) lowered its interest rate by 15 basis points from 3.89% to 3.74%. The remaining banks are expected to follow the trend.

 

Source: cbc.ca

 

 

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