Laurentian Bank Cuts Prime Lending Rate

Laurentian Bank (TSE:LB) has released an update.

Laurentian Bank of Canada has announced a reduction in its prime lending rate by 0.25%, moving from 6.95% to 6.70%, effective from July 25, 2024. This initiative by Laurentian Bank reflects its ongoing commitment to providing affordable banking services and contributing to the financial prosperity of the middle class in Canada.

For further insights into TSE:LB stock, check out TipRanks’ Stock Analysis page.