BMO increases CDN$ prime lending rate to 2.7 %

BMO increases CDN$ prime lending rate to 2.7 %
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TORONTO – BMO Bank of Montreal today announced that it is increasing its CDN$ prime lending rate from 2.45 per cent to 2.70 per cent, effective March 3, 2022.

Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $1.02 trillion as of January 31, 2022, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

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