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TD Canada Trust Lowers Prime Rate

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TORONTO, Sept. 4, 2024 – TD Canada Trust has announced a decrease in its TD Prime Rate by 25 basis points, bringing the new rate to 6.45%. This change will take effect on September 5, 2024.

The decision reflects ongoing adjustments in the financial market and aims to provide support to borrowers amidst fluctuating economic conditions.

TD Canada Trust is part of TD Bank Group, which is recognized as the sixth largest bank in North America by assets. The bank serves over 27.5 million customers worldwide across various financial services.

TD Bank Group encompasses several key operational divisions, including Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, as well as Wholesale Banking.

As of July 31, 2024, TD Bank Group reported assets totaling $1.97 trillion. The bank is also noted for its strong online presence, boasting more than 17 million active online and mobile banking customers.

Rachel Adams

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