National Bank of CanadaTSX: NA

National Bank of Canada increases its prime rate

· Issued by National Bank of Canada via CNW

Summary by 6ix AI

National Bank of Canada is raising its prime rate, the reference rate it uses to set interest on many loans, by 25 basis points, effective October 29, 2026.

Key details

  • The new prime rate will be 4.70%. A basis point is one hundredth of a percentage point.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/national-bank-of-canada-increases-its-prime-rate

Watch National Bank of Canada's latest callNational Bank of Canada (TSX:NA) Q3 2026 Earnings Call · Replay · Aug 26Read the transcript of National Bank of Canada (TSX:NA) Q3 2026 Earnings Call

MONTREAL, Oct. 28, 2026 /CNW/ -- National Bank of Canada announces an increase in its prime rate by 25 basis points to 4.70%, effective October 29, 2026.

About National Bank of Canada
With $635 billion in assets as at July 31, 2026, National Bank of Canada (the "Bank") is one of Canada's six systemically important banks. The Bank has more than 37,000 employees in knowledge-intensive positions and operates three business segments in Canada: Personal and Commercial Banking, Wealth Management and Capital Markets. A fourth segment, U.S. Specialty Finance and International, complements the growth of its domestic operations. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities at nbc.ca or via social media

SOURCE National Bank of Canada

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