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TD Canada Trust Announces Decrease in TD Prime Rate

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TD Canada Trust, a major Canadian financial institution, has declared a reduction in its TD Prime Rate by 25 basis points to 6.95%, effective starting June 6, 2024.

This move by TD Canada Trust, a subsidiary of the renowned TD Bank Group, aims to offer more favorable borrowing conditions for its clients across various financial products and services.

The decision to lower the TD Prime Rate reflects the bank’s response to prevailing economic conditions and its commitment to supporting customers amidst changing market dynamics.

TD Bank Group, recognized as the sixth largest bank in North America by assets, operates through several key businesses, including Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.

With over 27.5 million customers globally, TD Bank Group caters to a diverse range of financial needs and services, positioning itself as a leading player in the global financial landscape.

Rachel Adams

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