Laurentian Bank of Canada increases its prime rate

Laurentian Bank of Canada increases its prime rate
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MONTRÉAL – Laurentian Bank of Canada (TSX: LB) increases its prime lending rate by 50 basis points from 2.70% to 3.20%, effective April 14, 2022.

Founded in Montreal in 1846, Laurentian Bank has more than 2,900 employees to provide a broad range of financial services and advice-based solutions for customers across Canada and the United States. They manage and grow $46.1 billion in balance sheet assets and $30.2 billion in assets.

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