Royal Bank raises prime rate to 3.7 per cent following Bank of Canada rate hike

The increase will raise the cost of borrowing for customers with loans linked to the prime rate such as variable rate mortgages and lines of credit.

The post Royal Bank raises prime rate to 3.7 per cent following Bank of <b>Canada</b> rate hike appeared first on Consumer-Mortgage.

source http://consumer-mortgage.com/royal-bank-raises-prime-rate-to-3-7-per-cent-following-bank-of-canada-rate-hike/