Laurentian Bank of CanadaTSX: LB.PR.H

Laurentian Bank of Canada increases its prime rate

· Issued by Laurentian Bank of Canada via CNW

Summary by 6ix AI

Laurentian Bank of Canada is raising its prime lending rate, and that of B2B Bank, by 25 basis points (0.25 percentage points) from 4.45% to 4.70%, effective October 29, 2026.

Key details

  • The prime rate is the benchmark interest rate a bank uses to price many of its variable-rate loans.
  • Laurentian Bank is a bank founded in Montreal in 1846 with operations across Canada, primarily in Québec and Ontario, and in the United States.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/laurentian-bank-of-canada-increases-its-prime-rate-1

Watch Laurentian Bank of Canada's latest callLaurentian Bank of Canada (TSX:LB.PR.H) Q2 2026 Earnings Call · Replay · May 29

MONTRÉAL, Oct. 28, 2026 /CNW/ -- Laurentian Bank of Canada (TSX: LB) announces an increase to its prime lending rate and that of B2B Bank by 25 basis points from 4.45% to 4.70% effective October 29, 2026.

About Laurentian Bank

Founded in Montreal in 1846, Laurentian Bank is committed to serving its customers and fostering deep relationships with specialized groups. Laurentian Bank runs operations across Canada – primarily in Québec and Ontario – as well as in the United States and competes where it sees market opportunity and has an edge, while harnessing the power of partnerships and collaboration.

SOURCE Banque Laurentienne du Canada

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