Source: By the Canadian Press and News Staff, toronto.citynews.ca, March 18, 2020
HSBC Bank Canada says it will lower its prime lending rate by 50 basis points by today.
Canada six’s largest banks have announced they will be allowing the deferral of mortgage payments for up to six months amid the coronavirus pandemic.
Bank of Montreal, CIBC, TD Canada, National Bank of Canada, RBC Royal Bank and Scotiabank say their plans will help those effected by the financial consequences of COVID-19.
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