PR Newswire · Press release
Scotiabank increases prime lending rate
AI summary
Summary by Wenlo · not part of the original release
Scotiabank announced on October 28, 2026, that it is increasing its Canadian dollar prime lending rate to 4.70 per cent from 4.45 per cent. The new rate becomes effective on October 29, 2026.
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Original release from PR Newswire
As distributed by PR Newswire, unedited.
TORONTO, Oct. 28, 2026 /CNW/ -- Scotiabank announced today that it is increasing its Canadian dollar prime lending rate to 4.70 per cent from 4.45 per cent, effective October 29, 2026.
About Scotiabank
Scotiabank's vision is to be our clients' most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: "for every future," we help our clients, their families and their communities achieve success through a broad range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.5 trillion (as at July 31, 2026), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on X @Scotiabank.
SOURCE Scotiabank
