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Breaking down the Bank of Canada's decision to trimming interest rates to 3.75 per centTD Prime Rate. %. Effective Date. October 24th, TD Prime Rate is the variable annual interest rate published by us from time to time as our TD Prime. Canada Chartered Banks Prime Lending Rate � Bank Lending Rate in Canada decreased to percent in September from percent in August of � Markets. Prime and Other Rates ; Royal Bank Prime, , /10/24 ; RBC CAD Deposit Reference Rate, , /10/28 ; Royal Bank US Prime � , /09/19 ; Royal.