BMO:CC - BMO Increases CDN$ Prime Lending Rate to 6.95 Per Cent
Canada NewsWire
TORONTO , June 7, 2023 /CNW/ - BMO Bank of Montreal today announced that it is increasing its CDN$ prime lending rate from 6.70 per cent to 6.95 per cent, effective June 8, 2023 .
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.25 trillion as of April 30, 2023 . Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to over 13 million customers across Canada , the United States , and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life , BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future and inclusive society.
SOURCE BMO Financial Group
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