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TD Canada Trust Lowers Prime Rate

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TD Canada Trust has some news for its customers: starting July 25, 2024, their TD Prime Rate will drop by 25 basis points, bringing it down to 6.70%.

This change marks a significant adjustment for borrowers and clients who might be looking for more favorable rates on loans and mortgages.

TD Bank Group, which oversees TD Canada Trust, is one of the largest banks in North America. It’s a major player in the industry, serving over 27.5 million customers.

With several branches in both Canada and the U.S., TD Bank Group operates a wide range of services including personal banking, commercial banking, and investment services.

As of April 30, 2024, the bank reported a whopping $1.97 trillion in assets, highlighting its strength in the financial market.

Rachel Adams

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