BANK OF MONTREAL 
Bank of Canada increased interest rates to 1.25 percent as job growth and firmer inflation outweighed the cloud of NAFTA uncertainty.
Banks including Toronto-Dominion Bank (>> Toronto-Dominion Bank), Bank of Montreal (>> Bank of Montreal), Royal Bank of Canada (>> Royal Bank of Canada), Canadian Imperial Bank of Commerce (>> Canadian Imperial Bank of Commerce) and Scotiabank (>> Bank of Nova Scotia) raised their prime rates to 3.45 percent from 3.2 percent.
A higher prime rate will translate to higher interest rates on a wide range of loans that are keyed off the rate, including small business loans and some credit card loans.
(Reporting by John Benny in Bengaluru; Editing by Savio D'Souza)
Stocks treated in this article : Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank
