TD Bank Raises Prime Rate For Variable Rate Mortgages To 2.85 Per Cent

Darpan News Desk The Canadian Press, 01 Nov, 2016 10:51 AM

TORONTO — TD Bank (TSX:TD) is raising the interest rate it charges customers with variable-rate mortgages.

The bank is increasing its TD Mortgage Prime rate to 2.85 per cent from 2.7 per cent, effective today.

Customers with fixed-rate mortgages are unaffected by the change.

TD's prime rate for other products with a variable interest rate, such as lines of credit, are not affected as that rate remains at 2.7 per cent.

Prev Next

MORE National ARTICLES

One Dead After Shooting In Chilliwack

Chilliwack: On September 2, 2016 just before 8:00 pm, the Chilliwack RCMP received a report of shots fired in the area of the 48000 block of Chilliwack Central Road.

One Dead After Shooting In Chilliwack

B.C. Government Will Not Reconsider Tax On Foreign Homebuyers, Says Premier

Clark told reporters Tuesday that her government will not reconsider the 15-per-cent tax that is intended to calm what she called a "distorted market."

B.C. Government Will Not Reconsider Tax On Foreign Homebuyers, Says Premier

Final Man Charged In 2008 Killings Of Mission, B.C., Couple Pleads Guilty

British Columbia's Criminal Justice Branch says Tom Holden entered a guilty plea for one count of conspiracy to commit murder in a New Westminster courtroom on Tuesday.

Final Man Charged In 2008 Killings Of Mission, B.C., Couple Pleads Guilty

Coquitlam Man, 54, Identified As Pilot Killed In Powell River Plane Crash

He was 54-year-old David Tetarenko of Coquitlam, B.C.

Coquitlam Man, 54, Identified As Pilot Killed In Powell River Plane Crash

Toronto Area's Home Sales, Average Prices Hit Record Highs In August

The Toronto Real Estate Board said its members had 9,813 sales in August, a 23.5 per cent increase from the same month last year, though there were two more working days this year.