TD Canada Trust Lowers Prime Rate to 5.45%

On December 11, 2024, TD Canada Trust announced a reduction in its TD Prime Rate. The rate will decrease by 50 basis points, bringing it down to 5.45%. This change will take effect on December 12, 2024.

About TD Bank Group

The Toronto-Dominion Bank is part of what is known as TD Bank Group. This group includes various subsidiaries, making it the sixth largest bank in North America in terms of assets. TD Bank Group serves more than 27.9 million customers across four major areas: Canadian Personal and Commercial Banking, which includes TD Canada Trust and TD Auto Finance Canada; U.S. Retail, which encompasses TD Bank, America's Most Convenient Bank^®, as well as other services in the U.S.; Wealth Management and Insurance; and Wholesale Banking.

TD Bank Group is recognized globally for its online banking services, boasting over 17 million active users on mobile and online platforms. As of October 31, 2024, the bank had assets totaling $2.06 trillion. The Toronto-Dominion Bank operates under the ticker symbol "TD" on both the Toronto and New York Stock Exchanges.

This adjustment in the Prime Rate may impact various loan products linked to the rate, including variable rate mortgages and lines of credit, potentially allowing customers to benefit from lower borrowing costs.

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