BoC’s overnight rate, also known as the policy rate, is one of the key elements that guides the prime rates for commercial banks. Each bank sets its own prime rate, but the Big Six Canadian banks— BMO, Scotiabank, CIBC, RBC, National Bank, and TD — usually have the same prime ra...
Royal Bank of Canada (RBC) Up to $17 depending on the amount and origin of the transfer. $45 or more. When does a wire transfer make sense? Wire transfers make more sense when sending funds internationally, especially if you want to send a large amount of money. Generally, it’s easie...