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BUSINESS · OCT 28, 2026
TD and CIBC Raise Canadian Prime Rates to 4.70%
TD Canada Trust and CIBC both increased their Canadian prime lending rates by 25 basis points to 4.70 percent, effective October 29, 2026.
TD Canada Trust and the Canadian Imperial Bank of Commerce both announced 25 basis point increases to their prime lending rates on October 28, 2026. Both adjustments take effect on October 29, 2026, bringing their respective rates to 4.70 percent.
TD Canada Trust announced the increase in Toronto. Simultaneously, the Canadian Imperial Bank of Commerce raised its rate from 4.45 percent to 4.70 percent. This change impacts lending costs for the bank's institutional, business, and personal clients across Canada.
Reported across 11 outlets
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TD Canada TrustCanadian Imperial Bank of Commerce
