BMO Decreases CDN$ Prime Lending Rate to 5.95 Per Cent

TORONTO , Oct. 23, 2024 /CNW/ - BMO Bank of Montreal today announced that it is decreasing its CDN$ prime lending rate from 6.45 per cent to 5.95 per cent, effective October 24, 2024 .

About BMO Financial Group

BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.4 trillion as of July 31, 2024. 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 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