Top / Business Banks raise prime rate after Bank of Canada interest rate increase 1 source1 article First seen 1 day ago Updated 1 day ago Canada Truth score 34 Save Share Compare coverage Image from FP Top Stories Summary Prime to increase by 25 basis points to 4.70%Description from FP Top Stories. Who is covering this All 1 Not rated 1 FFP Top Stories Not rated CA 1 day ago Banks raise prime rate after Bank of Canada interest rate increase Prime to increase by 25 basis points to 4.70%