Toronto-Dominion Bank and Royal Bank of Canada Are Still Attractive After the Rate Boost

© & copy; Supplied by Fool The Bank of Canada chose to raise the benchmark rates of interest by 0.25%on January 17. All six industrial banks in Canada had forecasted the reserve bank would move forward with the rate hike. The banks increased prime financing rates beforehand in anticipation of the upward move.

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Royal Bank of Canada RY ▲

dreams. Click here to discover why this financier states it’s time to buy.Fool factor Ambrose O’Callaghan has no position in any stocks pointed out.


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