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via finance.yahoo.comEconomy

RBC Royal Bank raises prime rate by 25 basis points to 4.70%

FROM THE WIRE · FINANCE.YAHOO.COM

TORONTO, Oct. 28, 2026 /CNW/ -- RBC Royal Bank is increasing its prime rate by 25 basis points from 4.45 per cent to 4.70 per cent, effective October 29, 2026.RBC About RBC Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe prime rate increase signals higher rates on Canadian bank lending.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01RBC is raising its prime rate from 4.45% to 4.70%.
  2. 02The change takes effect October 29, 2026.
  3. 03RBC is Canada's biggest bank by market capitalization.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Royal Bank of CanadaRY.TOStock286.41 CADMarket closedtoday +0.33%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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