National Bank of Canada increases its prime rate

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