National Bank of Canada decreases its prime rate

MONTREAL, Jan. 29, 2025 /CNW/ - National Bank of Canada announces a decrease in its prime rate by 25 basis points to 5.20%, effective January 30, 2025.

About National Bank of Canada
With $462 billion in assets as at October 31, 2024, National Bank of Canada is one of Canada's six systemically important banks. The Bank has approximately 30,000 employees in knowledge-intensive positions and operates through three business segments in Canada: Personal and Commercial Banking, Wealth Management and Financial 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